Pearl Diver Credit Company Inc. (NYSE:PDCC) Sees Large Decline in Short Interest

Pearl Diver Credit Company Inc. (NYSE:PDCC) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 2,542 shares, a drop of 47.1% from the May 31st total of 4,805 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 15,914 shares, the days-to-cover ratio is presently 0.2 days.

Pearl Diver Credit Stock Performance

Shares of NYSE PDCC traded down $0.14 during mid-day trading on Wednesday, reaching $9.82. The company had a trading volume of 2,039 shares, compared to its average volume of 8,957. The company has a 50-day moving average price of $10.29 and a two-hundred day moving average price of $11.75. Pearl Diver Credit has a 1-year low of $9.25 and a 1-year high of $18.40.

Pearl Diver Credit Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a dividend of $0.13 per share. This represents a c) annualized dividend and a yield of 15.9%. 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 lifted its position in Pearl Diver Credit Company Inc. (NYSE:PDCC) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,484 shares of the company’s stock after acquiring an additional 799 shares during the period. Kingswood Wealth Advisors LLC owned about 1.32% of Pearl Diver Credit worth $1,247,000 as of its most recent SEC filing.

Pearl Diver Credit Company Profile

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.