Short Interest in Pearl Diver Credit Company Inc. (NYSE:PDCC) Drops By 47.1%

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

Institutional Investors Weigh In On Pearl Diver Credit

An institutional investor recently raised its position in Pearl Diver Credit stock. Kingswood Wealth Advisors LLC raised its stake in Pearl Diver Credit Company Inc. (NYSE:PDCC) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,484 shares of the company’s stock after acquiring 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 filing with the Securities and Exchange Commission (SEC).

Pearl Diver Credit Price Performance

PDCC stock opened at $10.11 on Tuesday. Pearl Diver Credit has a twelve month low of $9.25 and a twelve month high of $18.40. The company’s 50 day moving average is $10.32 and its two-hundred day moving average is $11.83.

Pearl Diver Credit Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors 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 15.4%. 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.