Arch Capital Group Ltd. (NASDAQ:ACGLN) Short Interest Down 43.6% in April

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 39,090 shares, a decrease of 43.6% from the April 15th total of 69,355 shares. Based on an average trading volume of 19,815 shares, the days-to-cover ratio is currently 2.0 days.

Arch Capital Group Trading Down 0.7%

NASDAQ ACGLN opened at $16.68 on Friday. The firm’s 50 day moving average price is $16.97 and its two-hundred day moving average price is $17.23. Arch Capital Group has a twelve month low of $16.30 and a twelve month high of $18.34.

Arch Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.2844 dividend. This represents a $1.14 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

Arch Capital Group Company Profile

Arch Capital Group Ltd is a Bermuda-based financial services company that provides insurance, reinsurance and mortgage insurance products through its subsidiaries. The company underwrites a broad array of property and casualty insurance, specialty insurance, and reinsurance business, designing customized solutions for clients across commercial, personal and specialty markets. Arch’s offerings include commercial casualty and property, directors and officers liability, professional liability, surety, and mortgage insurance products.

In its reinsurance segment, Arch writes treaty and facultative business lines, encompassing property catastrophe, casualty and specialty risks.