Arch Capital Group Ltd. (NASDAQ:ACGLN) Sees Significant Decrease in Short Interest

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 18,202 shares, a drop of 54.3% from the September 15th total of 39,810 shares. Based on an average daily volume of 64,129 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Arch Capital Group

An institutional investor recently raised its stake in Arch Capital Group stock. GAMMA Investing LLC increased its position in Arch Capital Group Ltd. (NASDAQ:ACGLN) by 12,890.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,897 shares of the company’s stock after buying an additional 3,867 shares during the quarter. GAMMA Investing LLC’s holdings in Arch Capital Group were worth $64,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Arch Capital Group Stock Up 0.5%

Shares of ACGLN stock opened at $15.05 on Wednesday. The business has a 50-day moving average price of $15.65 and a two-hundred day moving average price of $16.23. Arch Capital Group has a 12-month low of $14.75 and a 12-month high of $18.11.

Arch Capital Group Company Profile

Arch Capital Group Ltd. is a Bermuda-based insurance and reinsurance company that provides specialty risk solutions to businesses, institutions and individuals worldwide. The company operates through three primary segments: insurance, reinsurance and mortgage insurance.

Through its insurance operations, Arch offers property, casualty and specialty coverage, including professional liability, marine, aviation, construction, energy and other commercial lines. Its reinsurance business provides coverage to insurance companies across property, casualty, specialty and other risk categories.