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 large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 24,900 shares, a decrease of 20.2% from the February 28th total of 31,200 shares. Based on an average trading volume of 73,700 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. grew its stake in shares of TCW Strategic Income Fund by 0.8% in the fourth quarter. Sit Investment Associates Inc. now owns 6,916,611 shares of the financial services provider’s stock valued at $33,269,000 after acquiring an additional 53,056 shares in the last quarter. JP Wealth Management Inc. acquired a new position in shares of TCW Strategic Income Fund during the 4th quarter worth approximately $13,638,000. 1607 Capital Partners LLC grew its position in TCW Strategic Income Fund by 19.7% during the fourth quarter. 1607 Capital Partners LLC now owns 2,202,483 shares of the financial services provider’s stock worth $10,594,000 after buying an additional 362,207 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in TCW Strategic Income Fund during the 3rd quarter worth $10,356,000. Finally, Ameriprise Financial Inc. increased its stake in TCW Strategic Income Fund by 14.4% during the 4th quarter. Ameriprise Financial Inc. now owns 997,360 shares of the financial services provider’s stock worth $4,797,000 after acquiring an additional 125,801 shares during the period. Institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Trading Up 1.4 %

TSI stock traded up $0.07 during mid-day trading on Tuesday, hitting $4.93. 89,492 shares of the company were exchanged, compared to its average volume of 93,832. TCW Strategic Income Fund has a 1-year low of $4.52 and a 1-year high of $5.21. The business has a 50 day simple moving average of $4.87 and a 200-day simple moving average of $4.96.

TCW Strategic Income Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be paid a $0.065 dividend. The ex-dividend date is Monday, March 31st. This is an increase from TCW Strategic Income Fund’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 5.27%.

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.