Arch Capital Group Ltd. (NASDAQ:ACGLO) Short Interest Update

Arch Capital Group Ltd. (NASDAQ:ACGLO) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 13,300 shares, a growth of 160.8% from the October 15th total of 5,100 shares. Based on an average daily trading volume, of 19,300 shares, the short-interest ratio is presently 0.7 days.

Arch Capital Group Trading Down 0.9 %

Shares of NASDAQ ACGLO opened at $22.88 on Friday. The company has a 50 day simple moving average of $23.55 and a 200 day simple moving average of $23.02. Arch Capital Group has a 1 year low of $21.99 and a 1 year high of $24.50.

Arch Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be issued a dividend of $0.3406 per share. This represents a $1.36 annualized dividend and a yield of 5.95%. The ex-dividend date of this dividend is Friday, December 13th.

Hedge Funds Weigh In On Arch Capital Group

A hedge fund recently bought a new stake in Arch Capital Group stock. Cove Street Capital LLC bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGLO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,500 shares of the company’s stock, valued at approximately $169,000.

Arch Capital Group Company Profile

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.