Pearl Diver Credit Company Inc. (NYSE:PDCC) Sees Significant Decrease in Short Interest

Pearl Diver Credit Company Inc. (NYSE:PDCCGet Free Report) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 4,805 shares, a decrease of 66.2% from the May 14th total of 14,213 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 17,324 shares, the short-interest ratio is presently 0.3 days.

Pearl Diver Credit Stock Down 2.1%

Shares of NYSE:PDCC traded down $0.20 on Friday, hitting $9.35. The company had a trading volume of 7,147 shares, compared to its average volume of 15,740. Pearl Diver Credit has a 52-week low of $9.25 and a 52-week high of $18.40. The business has a 50 day moving average of $10.51 and a 200 day moving average of $12.26.

Pearl Diver Credit Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a $0.13 dividend. This represents a c) annualized dividend and a dividend yield of 16.7%. The ex-dividend date is Monday, August 17th.

Institutional Trading of Pearl Diver Credit

A hedge fund recently raised its stake in Pearl Diver Credit stock. Kingswood Wealth Advisors LLC grew its stake in Pearl Diver Credit Company Inc. (NYSE:PDCCFree Report) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,484 shares of the company’s stock after acquiring an additional 799 shares during the quarter. Kingswood Wealth Advisors LLC owned about 1.32% of Pearl Diver Credit worth $1,247,000 at the end of the most recent quarter.

About Pearl Diver Credit

(Get Free Report)

Pearl Diver Credit Company Inc is a newly organized, externally managed, non-diversified, closed-end management investment company. Its primary investment objective is to maximize its portfolio’s total return, with a secondary objective of generating high current income. Pearl Diver Credit Company Inc is based in NEW YORK.

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