Arch Capital Group Ltd. (NASDAQ:ACGLO) Short Interest Down 59.4% in November

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

Institutional Trading of Arch Capital Group

A hedge fund recently bought a new stake in Arch Capital Group stock. Cove Street Capital LLC purchased a new stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGLO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,500 shares of the company’s stock, valued at approximately $169,000.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $22.65 on Thursday. The company’s fifty day simple moving average is $23.36 and its 200-day simple moving average 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 announced 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 yield of 6.02%.

Arch Capital Group Company Profile

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.