Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLN) Drops By 39.4%

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 75,134 shares, a decline of 39.4% from the June 30th total of 123,902 shares. Based on an average daily volume of 35,305 shares, the days-to-cover ratio is presently 2.1 days.

Arch Capital Group Trading Down 0.2%

Shares of Arch Capital Group stock opened at $16.33 on Thursday. Arch Capital Group has a 12-month low of $15.65 and a 12-month high of $18.34. The firm’s 50-day moving average price is $16.26 and its two-hundred day moving average price is $16.89.

Arch Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.2844 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Investors Weigh In On Arch Capital Group

A hedge fund recently raised its position in Arch Capital Group stock. GAMMA Investing LLC grew its holdings in Arch Capital Group Ltd. (NASDAQ:ACGLN) by 12,890.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,897 shares of the company’s stock after purchasing an additional 3,867 shares during the period. GAMMA Investing LLC’s holdings in Arch Capital Group were worth $64,000 as of its most recent SEC filing.

About Arch Capital Group

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.