Arch Capital Group Ltd. (NASDAQ:ACGLO – Get Rating) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 38,300 shares, a growth of 219.2% from the March 31st total of 12,000 shares. Based on an average daily volume of 17,700 shares, the days-to-cover ratio is currently 2.2 days.
Arch Capital Group Stock Performance
Shares of ACGLO opened at $23.07 on Thursday. The company has a 50-day moving average of $22.57. Arch Capital Group has a fifty-two week low of $19.90 and a fifty-two week high of $25.23.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th were given a $0.3406 dividend. This represents a $1.36 annualized dividend and a dividend yield of 5.91%. The ex-dividend date was Tuesday, March 14th.
About Arch Capital Group
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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; collateral protection, debt cancellation, and service contract reimbursement products; 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.
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