Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLN) Declines By 91.6%

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 4,300 shares, a drop of 91.6% from the November 30th total of 51,100 shares. Based on an average daily volume of 41,300 shares, the short-interest ratio is presently 0.1 days.

Arch Capital Group Stock Down 1.2 %

NASDAQ:ACGLN opened at $17.72 on Friday. The business’s 50 day moving average is $19.70 and its two-hundred day moving average is $19.85. Arch Capital Group has a 52 week low of $17.56 and a 52 week high of $21.21.

Arch Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be paid a dividend of $0.2844 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.14 annualized dividend and a yield of 6.42%.

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.