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

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

Arch Capital Group Price Performance

Arch Capital Group stock opened at $19.25 on Friday. The stock has a fifty day simple moving average of $19.51 and a two-hundred day simple moving average of $19.99. Arch Capital Group has a 12 month low of $16.49 and a 12 month high of $21.21.

Arch Capital Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Investors of record on Saturday, June 15th will be issued a $0.2844 dividend. This represents a $1.14 annualized dividend and a dividend yield of 5.91%. 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.