Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLN) Drops By 61.3%

by · The Cerbat Gem

Arch Capital Group Ltd. (NASDAQ:ACGLN – Get Free Report) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 46,944 shares, a decline of 61.3% from the August 15th total of 121,341 shares. Based on an average trading volume of 36,765 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of Arch Capital Group

An institutional investor recently raised its stake in Arch Capital Group stock. GAMMA Investing LLC raised its stake in Arch Capital Group Ltd. (NASDAQ:ACGLN – Free Report) by 12,890.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,897 shares of the company’s stock after purchasing an additional 3,867 shares during the quarter. GAMMA Investing LLC’s holdings in Arch Capital Group were worth $64,000 at the end of the most recent quarter.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGLN traded down $0.05 during midday trading on Friday, reaching $15.61. 28,035 shares of the company were exchanged, compared to its average volume of 45,041. Arch Capital Group has a 1 year low of $15.43 and a 1 year high of $18.31. The stock has a fifty day simple moving average of $16.13 and a 200 day simple moving average of $16.55.

Arch Capital Group Company Profile

(Get Free Report)

Arch Capital Group Ltd is a Bermuda-based financial services company that provides insurance, reinsurance and mortgage insurance products through its subsidiaries. The company underwrites a broad array of property and casualty insurance, specialty insurance, and reinsurance business, designing customized solutions for clients across commercial, personal and specialty markets. Arch’s offerings include commercial casualty and property, directors and officers liability, professional liability, surety, and mortgage insurance products.

In its reinsurance segment, Arch writes treaty and facultative business lines, encompassing property catastrophe, casualty and specialty risks.

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