Arch Capital Group Ltd. (NASDAQ:ACGLO – Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 5,700 shares, a growth of 35.7% from the August 15th total of 4,200 shares. Based on an average daily trading volume, of 14,400 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Investors Weigh In On Arch Capital Group
An institutional investor recently bought a new position in Arch Capital Group stock. Cove Street Capital LLC purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGLO – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,500 shares of the company’s stock, valued at approximately $169,000.
Arch Capital Group Stock Up 0.3 %
Shares of NASDAQ:ACGLO opened at $23.62 on Friday. The stock’s 50-day moving average is $23.09 and its 200-day moving average is $23.01. Arch Capital Group has a 52-week low of $19.20 and a 52-week high of $24.50.
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.
See Also
- Five stocks we like better than Arch Capital Group
- Stock Dividend Cuts Happen Are You Ready?
- Powering Your Portfolio: The Utility Sector’s Electrifying Surge
- 3 REITs to Buy and Hold for the Long Term
- Adobe Stock Builds Long-Term Value: Consider Buying on the Dip
- 3 Small Caps With Big Return Potential
- Albemarle Jumps as Lithium Stock Buying Frenzy Takes Off
Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.