Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLN) Rises By 421.8%

Arch Capital Group Ltd. (NASDAQ:ACGLN) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 40,700 shares, an increase of 421.8% from the March 31st total of 7,800 shares. Based on an average daily volume of 29,900 shares, the short-interest ratio is presently 1.4 days.

Arch Capital Group Price Performance

NASDAQ:ACGLN traded down $0.43 during trading hours on Thursday, hitting $19.25. 51,534 shares of the company traded hands, compared to its average volume of 29,218. The firm’s 50-day simple moving average is $20.34 and its 200-day simple moving average is $19.60. Arch Capital Group has a one year low of $16.49 and a one year high of $21.21.

Arch Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, March 31st. Shareholders of record on Friday, March 15th were paid a dividend of $0.2844 per share. The ex-dividend date was Thursday, March 14th. This is a boost from Arch Capital Group’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 5.91%.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.