Arch Capital Group Ltd. (ACGL) has 1,353,782 shares of shorts outstanding as on August 15, 2016, with 4 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 1,497,198 shares. The stock has a decent trading volume of 374,766 shares daily. The marginal decrease in the short positions is by -9.6%, which amounts to -143,416 shares. Short positions are 1.2% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Arch Capital Group Ltd. (NASDAQ:ACGL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $79.40 and $79.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.37, notching a gain of 0.28% for the day. The total traded volume was 233,609 . The stock had closed at $79.14 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP,CFO & Treasurer) of Arch Capital Group Ltd., Lyons Mark Donald had sold 8,500 shares worth of $681,360 in a transaction dated August 17, 2016. In this transaction, 8,500 shares were sold at $80.16 per share.
Arch Capital Group Ltd. (ACGL) writes insurance and reinsurance on an around the world basis. The Company operates in two underwriting segments: insurance and reinsurance and mortgage. The insurance segments product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other (consisting of alternative markets, excess workers compensation and surety business). The reinsurance segments product lines include casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and other (consisting of life reinsurance, casualty clash and other). The mortgage segment consists of the Companys mortgage insurance and reinsurance business and includes the results of Arch MI U.S., which provides mortgage insurance to banks and other lenders across the nation, including existing credit union customers.