Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLO) Drops By 59.4%

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the target of a large drop in short interest in 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 volume of 20,600 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Arch Capital Group stock. Cove Street Capital LLC acquired a new stake in Arch Capital Group Ltd. (NASDAQ:ACGLO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 7,500 shares of the company’s stock, valued at approximately $169,000.

Arch Capital Group Price Performance

Shares of ACGLO stock opened at $22.65 on Friday. Arch Capital Group has a 1-year low of $21.99 and a 1-year high of $24.50. The firm has a fifty day moving average of $23.36 and a two-hundred day moving average of $23.02.

Arch Capital Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be issued a $0.3406 dividend. This represents a $1.36 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend is Friday, December 13th.

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.