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

Pearl Diver Credit Company Inc. (NYSE:PDCCGet Free Report) was the recipient of a large drop in short interest during the month of 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 company’s shares are sold short. Based on an average trading volume of 15,914 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Pearl Diver Credit

An institutional investor recently raised its stake in Pearl Diver Credit stock. Kingswood Wealth Advisors LLC boosted its holdings in shares of Pearl Diver Credit Company Inc. (NYSE:PDCCFree Report) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,484 shares of the company’s stock after buying an additional 799 shares during the quarter. Kingswood Wealth Advisors LLC owned approximately 1.32% of Pearl Diver Credit worth $1,247,000 as of its most recent SEC filing.

Pearl Diver Credit Stock Performance

Pearl Diver Credit stock traded up $0.20 during mid-day trading on Thursday, hitting $9.79. The company’s stock had a trading volume of 6,119 shares, compared to its average volume of 8,249. The company has a 50 day moving average of $10.29 and a 200-day moving average of $11.75. Pearl Diver Credit has a one year low of $9.25 and a one year high of $18.40.

Pearl Diver Credit Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.13 per share. This represents a c) annualized dividend and a dividend yield of 15.9%. The ex-dividend date of this dividend is Monday, August 17th.

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.

Further Reading

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