Arch Capital Group Ltd. (NASDAQ:ACGLN) Short Interest Down 60.8% in June

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 12,400 shares, a decrease of 60.8% from the May 31st total of 31,600 shares. Based on an average daily volume of 26,600 shares, the days-to-cover ratio is presently 0.5 days.

Arch Capital Group Stock Down 0.6 %

Shares of NASDAQ ACGLN traded down $0.11 during mid-day trading on Friday, hitting $19.29. The company’s stock had a trading volume of 3,620 shares, compared to its average volume of 27,041. The company’s fifty day simple moving average is $19.51 and its 200-day simple moving average is $19.98. Arch Capital Group has a one year low of $16.49 and a one year high of $21.21.

Arch Capital Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 30th. Shareholders of record on Saturday, June 15th will be paid a $0.2844 dividend. This represents a $1.14 annualized dividend and a yield of 5.90%. The ex-dividend date is Friday, June 14th.

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.