TCW Strategic Income Fund, Inc. (NYSE:TSI) Sees Large Drop in Short Interest

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 24,900 shares, a decline of 20.2% from the February 28th total of 31,200 shares. Based on an average daily trading volume, of 73,700 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On TCW Strategic Income Fund

A number of institutional investors have recently modified their holdings of the stock. Kovitz Investment Group Partners LLC acquired a new position in shares of TCW Strategic Income Fund in the third quarter worth $10,356,000. Raymond James Financial Inc. acquired a new position in TCW Strategic Income Fund in the 4th quarter worth about $4,502,000. PNC Financial Services Group Inc. raised its stake in shares of TCW Strategic Income Fund by 102.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 51,357 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 26,012 shares in the last quarter. Transform Wealth LLC purchased a new stake in shares of TCW Strategic Income Fund during the 4th quarter worth about $273,000. Finally, Intellus Advisors LLC acquired a new stake in shares of TCW Strategic Income Fund during the 4th quarter valued at about $221,000. Institutional investors and hedge funds own 35.22% of the company’s stock.

TCW Strategic Income Fund Stock Down 0.2 %

TCW Strategic Income Fund stock traded down $0.01 during mid-day trading on Wednesday, hitting $4.91. The company’s stock had a trading volume of 36,227 shares, compared to its average volume of 93,557. TCW Strategic Income Fund has a 52-week low of $4.52 and a 52-week high of $5.21. The firm’s 50 day moving average is $4.87 and its 200 day moving average is $4.95.

TCW Strategic Income Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be paid a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 5.30%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from TCW Strategic Income Fund’s previous quarterly dividend of $0.06.

TCW Strategic Income Fund Company Profile

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.