Short Interest in TCW Strategic Income Fund, Inc. (NYSE:TSI) Drops By 20.2%

TCW Strategic Income Fund, Inc. (NYSE:TSI) saw a large decrease in short interest in 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 daily volume of 73,700 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JP Wealth Management Inc. purchased a new stake in shares of TCW Strategic Income Fund during the 4th quarter worth about $13,638,000. Kovitz Investment Group Partners LLC purchased a new position in TCW Strategic Income Fund in the third quarter valued at about $10,356,000. Raymond James Financial Inc. acquired a new position in TCW Strategic Income Fund during the 4th quarter worth approximately $4,502,000. 1607 Capital Partners LLC raised its stake in shares of 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 valued at $10,594,000 after purchasing an additional 362,207 shares during the period. Finally, Noble Wealth Management PBC purchased a new position in shares of TCW Strategic Income Fund in the fourth quarter valued at $825,000. Institutional investors and hedge funds own 35.22% of the company’s stock.

TCW Strategic Income Fund Trading Up 0.1 %

Shares of NYSE TSI opened at $4.89 on Monday. TCW Strategic Income Fund has a 12 month low of $4.52 and a 12 month high of $5.21. The company 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 business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be given a dividend of $0.065 per share. This is a positive change from TCW Strategic Income Fund’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, March 31st. This represents a $0.26 annualized dividend and a yield of 5.32%.

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.