Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLO) Drops By 63.0%

Arch Capital Group Ltd. (NASDAQ:ACGLO) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 2,000 shares, a drop of 63.0% from the November 15th total of 5,400 shares. Based on an average daily volume of 22,100 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On 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) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 7,500 shares of the company’s stock, valued at approximately $169,000.

Arch Capital Group Stock Performance

ACGLO opened at $22.43 on Friday. The stock’s 50 day moving average price is $23.14 and its 200 day moving average price is $23.01. Arch Capital Group has a 12 month low of $21.99 and a 12 month high of $24.50.

Arch Capital Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be paid a dividend of $0.3406 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date of this dividend is Friday, December 13th.

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.