Arch Capital Group Ltd. (NASDAQ:ACGLN) Short Interest Up 653.5% in December

Arch Capital Group Ltd. (NASDAQ:ACGLN) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 32,400 shares, a growth of 653.5% from the December 15th total of 4,300 shares. Based on an average daily volume of 46,500 shares, the days-to-cover ratio is presently 0.7 days.

Arch Capital Group Stock Performance

Arch Capital Group stock traded down $0.23 during trading hours on Monday, reaching $17.41. 32,263 shares of the company’s stock traded hands, compared to its average volume of 44,132. Arch Capital Group has a fifty-two week low of $17.45 and a fifty-two week high of $21.21. The firm’s 50 day moving average is $19.19 and its 200-day moving average is $19.76.

Arch Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Sunday, December 15th were paid a dividend of $0.2844 per share. The ex-dividend date was Friday, December 13th. This represents a $1.14 dividend on an annualized basis and a yield of 6.54%.

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.