Pearl Diver Credit Company Inc. (NYSE:PDCC) Short Interest Update

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

Institutional Inflows and Outflows

A hedge fund recently raised its position in Pearl Diver Credit stock. Kingswood Wealth Advisors LLC grew its holdings in Pearl Diver Credit Company Inc. (NYSE:PDCC) by 0.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund 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 reporting period.

Pearl Diver Credit Stock Performance

Shares of PDCC opened at $10.11 on Tuesday. The firm’s fifty day simple moving average is $10.32 and its 200-day simple moving average is $11.83. Pearl Diver Credit has a twelve month low of $9.25 and a twelve month high of $18.40.

Pearl Diver Credit Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a $0.13 dividend. The ex-dividend date is Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 15.4%.

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.