Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLN) Drops By 71.3%

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the target of a large decline in short interest in April. As of April 30th, there was short interest totalling 11,700 shares, a decline of 71.3% from the April 15th total of 40,700 shares. Based on an average daily trading volume, of 29,400 shares, the short-interest ratio is presently 0.4 days.

Arch Capital Group Stock Down 0.5 %

NASDAQ:ACGLN traded down $0.10 during midday trading on Friday, hitting $19.31. The company had a trading volume of 21,925 shares, compared to its average volume of 28,464. Arch Capital Group has a 52-week low of $16.49 and a 52-week high of $21.21. The stock’s fifty day moving average price is $20.16 and its 200-day moving average price is $19.80.

Arch Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 31st. Shareholders of record on Friday, March 15th were issued a $0.2844 dividend. This is an increase from Arch Capital Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.14 dividend on an annualized basis and a yield of 5.89%.

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.