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

Pearl Diver Credit Company Inc. (NYSE:PDCCGet Free Report) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 7,066 shares, an increase of 178.0% from the June 15th total of 2,542 shares. Based on an average daily trading volume, of 6,458 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.1% of the shares of the stock are sold short.

Pearl Diver Credit Price Performance

Shares of PDCC stock traded down $0.09 during trading hours on Tuesday, reaching $9.48. The stock had a trading volume of 8,984 shares, compared to its average volume of 4,784. The stock’s fifty day simple moving average is $10.20 and its 200 day simple moving average is $11.45. Pearl Diver Credit has a 12 month low of $9.25 and a 12 month high of $18.40.

Pearl Diver Credit Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a $0.13 dividend. This represents a c) annualized dividend and a yield of 16.4%. The ex-dividend date of this dividend is Monday, August 17th.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Pearl Diver Credit stock. Kingswood Wealth Advisors LLC increased its holdings in Pearl Diver Credit Company Inc. (NYSE:PDCCFree Report) by 0.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 89,484 shares of the company’s stock after buying an additional 799 shares during the period. Kingswood Wealth Advisors LLC owned 1.32% of Pearl Diver Credit worth $1,247,000 as of its most recent SEC filing.

Pearl Diver Credit Company Profile

(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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