TCW Strategic Income Fund, Inc. (NYSE:TSI) Short Interest Update

TCW Strategic Income Fund, Inc. (NYSE:TSI) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 39,400 shares, a decrease of 41.0% from the December 15th total of 66,800 shares. Based on an average daily volume of 63,300 shares, the short-interest ratio is currently 0.6 days.

TCW Strategic Income Fund Trading Up 1.1 %

Shares of NYSE:TSI opened at $4.81 on Thursday. TCW Strategic Income Fund has a 1-year low of $4.52 and a 1-year high of $5.21. The firm has a fifty day moving average price of $4.96 and a 200 day moving average price of $4.99.

TCW Strategic Income Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were given a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.24 dividend on an annualized basis and a yield of 4.99%.

Insider Buying and Selling at TCW Strategic Income Fund

In related news, Director Andrew Tarica sold 12,300 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $5.04, for a total transaction of $61,992.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 24,599 shares of company stock worth $124,501 over the last three months. Insiders own 0.16% of the company’s stock.

Institutional Investors Weigh In On TCW Strategic Income Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC purchased a new stake in shares of TCW Strategic Income Fund in the third quarter valued at approximately $10,356,000. International Assets Investment Management LLC lifted its holdings in TCW Strategic Income Fund by 413.0% in the third quarter. International Assets Investment Management LLC now owns 237,940 shares of the financial services provider’s stock valued at $1,221,000 after acquiring an additional 191,558 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in shares of TCW Strategic Income Fund during the 2nd quarter worth $108,000. Transatlantique Private Wealth LLC grew its stake in shares of TCW Strategic Income Fund by 36.7% during the 2nd quarter. Transatlantique Private Wealth LLC now owns 56,565 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 15,190 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of TCW Strategic Income Fund in the 2nd quarter valued at about $68,000. Institutional investors and hedge funds own 35.22% of the company’s stock.

About TCW Strategic Income Fund

TCW Strategic Income Fund, Inc is a close-ended balanced mutual fund launched by The TCW Group, Inc The fund is managed by TCW Investment Management Company. It invests in the public equity and fixed income markets of the United States. The fund makes its investments in securities of companies operating across diversified sectors.