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

Pearl Diver Credit Company Inc. (NYSE:PDCC) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 7,745 shares, a growth of 289.8% from the February 26th total of 1,987 shares. Based on an average trading volume of 5,493 shares, the short-interest ratio is currently 1.4 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Pearl Diver Credit stock. Kingswood Wealth Advisors LLC raised its stake in shares of Pearl Diver Credit Company Inc. (NYSE:PDCC) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 as of its most recent SEC filing.

Pearl Diver Credit Price Performance

PDCC stock opened at $10.02 on Friday. Pearl Diver Credit has a 52-week low of $9.50 and a 52-week high of $20.00. The business has a fifty day moving average of $12.30 and a two-hundred day moving average of $14.58.

Pearl Diver Credit Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.22 per share. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 26.3%.

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.