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

Pearl Diver Credit Company Inc. (NYSE:PDCC – Get Free Report) was the target of a significant drop in short interest in the month of 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. Based on an average trading volume of 17,324 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Pearl Diver Credit stock. Kingswood Wealth Advisors LLC boosted its holdings in Pearl Diver Credit Company Inc. (NYSE:PDCC – Free Report) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,484 shares of the company’s stock after purchasing 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 filing with the Securities and Exchange Commission.

Get Pearl Diver Credit alerts:

Pearl Diver Credit Stock Performance

Shares of NYSE:PDCC opened at $9.65 on Thursday. Pearl Diver Credit has a 12 month low of $9.47 and a 12 month high of $18.40. The company’s fifty day simple moving average is $10.55 and its 200 day simple moving average is $12.32.

Pearl Diver Credit Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a dividend of $0.13 per share. This represents a c) dividend on an annualized basis and a dividend yield of 16.2%. The ex-dividend date is Monday, August 17th.

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.

Featured Stories

• Five stocks we like better than Pearl Diver Credit
• Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
• This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
• Intel Is the Market’s Most Mispriced AI Hedge
• The Biggest Opportunity From SpaceX’s IPO May Surprise You

Receive News & Ratings for Pearl Diver Credit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pearl Diver Credit and related companies with MarketBeat.com's FREE daily email newsletter.