Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLO) Decreases By 59.4%

Arch Capital Group Ltd. (NASDAQ:ACGLO) saw a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 5,400 shares, a decline of 59.4% from the October 31st total of 13,300 shares. Based on an average daily trading volume, of 20,600 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors 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) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,500 shares of the company’s stock, valued at approximately $169,000.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $23.01 on Friday. The stock’s 50 day moving average price is $23.32 and its 200 day moving average price is $23.02. Arch Capital Group has a 1-year low of $21.99 and a 1-year high of $24.50.

Arch Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be given a dividend of $0.3406 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.36 annualized dividend and a dividend yield of 5.92%.

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.