Pearl Diver Credit Company Inc. (NYSE:PDCC) Short Interest Down 56.5% in February

Pearl Diver Credit Company Inc. (NYSE:PDCC) saw a large drop in short interest in February. As of February 27th, there was short interest totaling 1,987 shares, a drop of 56.5% from the February 12th total of 4,567 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 5,273 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 5,273 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Pearl Diver Credit Stock Performance

PDCC traded down $0.47 during trading hours on Thursday, hitting $10.48. 8,972 shares of the stock were exchanged, compared to its average volume of 5,410. The stock has a 50-day simple moving average of $13.14 and a 200-day simple moving average of $15.08. Pearl Diver Credit has a 12 month low of $10.13 and a 12 month high of $20.16.

Pearl Diver Credit Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a dividend of $0.22 per share. This represents a c) dividend on an annualized basis and a dividend yield of 25.2%. The ex-dividend date of this dividend is Friday, May 15th.

Institutional Trading of Pearl Diver Credit

An institutional investor recently raised its position in Pearl Diver Credit stock. Kingswood Wealth Advisors LLC raised its holdings in Pearl Diver Credit Company Inc. (NYSE:PDCC) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,484 shares of the company’s stock after acquiring an additional 799 shares during the quarter. 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.

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.