Arch Capital Group Ltd. (NASDAQ:ACGLO) Short Interest Down 33.3% in September

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 4,800 shares, a drop of 33.3% from the September 15th total of 7,200 shares. Based on an average trading volume of 16,600 shares, the short-interest ratio is presently 0.3 days.

Arch Capital Group Stock Up 0.9 %

Shares of NASDAQ:ACGLO opened at $23.45 on Friday. Arch Capital Group has a 12 month low of $19.20 and a 12 month high of $24.50. The company has a 50-day moving average price of $23.45 and a 200 day moving average price of $22.95.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Arch Capital Group stock. Cove Street Capital LLC acquired a new position in Arch Capital Group Ltd. (NASDAQ:ACGLO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,500 shares of the company’s stock, valued at approximately $169,000.

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.