Short Interest in Pearl Diver Credit Company Inc. (NYSE:PDCC) Grows By 178.0%

Pearl Diver Credit Company Inc. (NYSE:PDCC) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 7,066 shares, a growth of 178.0% from the June 15th total of 2,542 shares. Based on an average daily trading volume, of 6,458 shares, the short-interest ratio is presently 1.1 days. Approximately 0.1% of the shares of the stock are sold short.

Pearl Diver Credit Trading Up 0.4%

PDCC stock traded up $0.04 during trading hours on Monday, hitting $9.52. 1,723 shares of the stock traded hands, compared to its average volume of 8,045. The stock has a 50-day simple moving average of $10.21 and a 200 day simple moving average of $11.48. Pearl Diver Credit has a one year low of $9.25 and a one year high of $18.40.

Pearl Diver Credit Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a $0.13 dividend. This represents a c) dividend on an annualized basis and a yield of 16.4%. The ex-dividend date of this dividend is Monday, August 17th.

Hedge Funds Weigh In On Pearl Diver Credit

An institutional investor recently raised its stake in Pearl Diver Credit stock. Kingswood Wealth Advisors LLC increased its holdings in Pearl Diver Credit Company Inc. (NYSE:PDCC) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,484 shares of the company’s stock after purchasing an additional 799 shares during the quarter. Kingswood Wealth Advisors LLC owned 1.32% of Pearl Diver Credit worth $1,247,000 at the end of the most recent quarter.

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.