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

Pearl Diver Credit Company Inc. (NYSE:PDCC) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 4,805 shares, a drop of 66.2% from the May 14th total of 14,213 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 17,324 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Pearl Diver Credit stock. Kingswood Wealth Advisors LLC grew its position in Pearl Diver Credit Company Inc. (NYSE:PDCC) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

Pearl Diver Credit Stock Up 0.7%

Pearl Diver Credit stock opened at $9.65 on Thursday. Pearl Diver Credit has a 1-year low of $9.47 and a 1-year high of $18.40. The company has a fifty day simple moving average of $10.55 and a 200 day simple moving average of $12.32.

Pearl Diver Credit Announces Dividend

The company 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) dividend on an annualized basis and a dividend yield of 16.2%. The ex-dividend date of this dividend is Monday, August 17th.

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.