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

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

Institutional Trading of Arch Capital Group

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

Arch Capital Group Stock Up 0.2 %

Shares of ACGLO opened at $23.08 on Thursday. The company has a 50-day simple moving average of $23.56 and a 200-day simple moving average of $23.02. Arch Capital Group has a 52 week low of $21.99 and a 52 week high of $24.50.

Arch Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be given a $0.3406 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.90%.

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.