Short Interest in Pearl Diver Credit Company Inc. (NYSE:PDCC) Expands By 808.0%

Pearl Diver Credit Company Inc. (NYSE:PDCCGet Free Report) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 4,567 shares, a growth of 808.0% from the January 29th total of 503 shares. Based on an average trading volume of 7,098 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 7,098 shares, the days-to-cover ratio is currently 0.6 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 position in Pearl Diver Credit Company Inc. (NYSE:PDCCFree Report) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,484 shares of the company’s stock after purchasing an additional 799 shares during the period. Kingswood Wealth Advisors LLC owned about 1.32% of Pearl Diver Credit worth $1,247,000 at the end of the most recent reporting period.

Pearl Diver Credit Stock Down 1.2%

Shares of NYSE PDCC traded down $0.15 on Friday, hitting $12.13. The company’s stock had a trading volume of 5,575 shares, compared to its average volume of 5,115. The stock has a 50 day moving average of $13.59 and a 200-day moving average of $15.39. Pearl Diver Credit has a 12-month low of $11.57 and a 12-month high of $21.30.

Pearl Diver Credit Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a yield of 21.8%.

About Pearl Diver Credit

(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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