Short Interest in Pearl Diver Credit Company Inc. (NYSE:PDCC) Grows By 75.7%

Pearl Diver Credit Company Inc. (NYSE:PDCC) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 14,213 shares, a growth of 75.7% from the April 30th total of 8,091 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 10,062 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of Pearl Diver Credit

A hedge fund recently raised its stake in Pearl Diver Credit stock. Kingswood Wealth Advisors LLC raised its holdings in shares of Pearl Diver Credit Company Inc. (NYSE:PDCC) by 0.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 89,484 shares of the company’s stock after acquiring an additional 799 shares during the period. Kingswood Wealth Advisors LLC owned approximately 1.32% of Pearl Diver Credit worth $1,247,000 at the end of the most recent reporting period.

Pearl Diver Credit Trading Down 1.2%

Shares of Pearl Diver Credit stock opened at $9.92 on Thursday. The firm has a fifty day moving average of $10.58 and a two-hundred day moving average of $12.53. Pearl Diver Credit has a 52 week low of $9.50 and a 52 week high of $18.40.

Pearl Diver Credit Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a dividend of $0.13 per share. The ex-dividend date is Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 15.7%.

About Pearl Diver Credit

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.