Short Interest in TCW Strategic Income Fund, Inc. (NYSE:TSI) Decreases By 25.5%

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 25,100 shares, a decline of 25.5% from the June 15th total of 33,700 shares. Based on an average daily volume of 147,200 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TSI. Whitener Capital Management Inc. lifted its position in TCW Strategic Income Fund by 45.0% during the 4th quarter. Whitener Capital Management Inc. now owns 38,335 shares of the financial services provider’s stock worth $176,000 after acquiring an additional 11,890 shares during the last quarter. RDA Financial Network raised its position in shares of TCW Strategic Income Fund by 9.2% during the fourth quarter. RDA Financial Network now owns 43,372 shares of the financial services provider’s stock valued at $199,000 after buying an additional 3,640 shares during the last quarter. Raymond James & Associates raised its position in shares of TCW Strategic Income Fund by 7.9% during the fourth quarter. Raymond James & Associates now owns 933,097 shares of the financial services provider’s stock valued at $4,283,000 after buying an additional 68,645 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of TCW Strategic Income Fund by 310.6% during the fourth quarter. International Assets Investment Management LLC now owns 212,893 shares of the financial services provider’s stock valued at $977,000 after buying an additional 161,038 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC raised its position in shares of TCW Strategic Income Fund by 4.7% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 439,905 shares of the financial services provider’s stock valued at $2,019,000 after buying an additional 19,659 shares during the last quarter. Institutional investors and hedge funds own 35.22% of the company’s stock.

TCW Strategic Income Fund Stock Up 1.2 %

Shares of TSI stock traded up $0.06 on Friday, hitting $4.91. The company’s stock had a trading volume of 217,114 shares, compared to its average volume of 89,641. TCW Strategic Income Fund has a fifty-two week low of $4.48 and a fifty-two week high of $4.93. The firm’s fifty day moving average price is $4.69 and its 200-day moving average price is $4.68.

TCW Strategic Income Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date was Friday, June 28th.

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.