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

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 31,200 shares, a growth of 19.5% from the February 13th total of 26,100 shares. Based on an average daily trading volume, of 73,300 shares, the days-to-cover ratio is presently 0.4 days.

TCW Strategic Income Fund Price Performance

Shares of TSI traded up $0.01 during trading hours on Wednesday, reaching $4.91. 20,935 shares of the company traded hands, compared to its average volume of 96,836. TCW Strategic Income Fund has a 12-month low of $4.52 and a 12-month high of $5.21. The business has a fifty day moving average price of $4.86 and a 200-day moving average price of $4.97.

TCW Strategic Income Fund Increases Dividend

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

Institutional Investors Weigh In On TCW Strategic Income Fund

A number of large investors have recently made changes to their positions in TSI. Kovitz Investment Group Partners LLC purchased a new stake in shares of TCW Strategic Income Fund during the third quarter valued at $10,356,000. Transform Wealth LLC purchased a new stake in TCW Strategic Income Fund in the fourth quarter valued at $273,000. JP Wealth Management Inc. purchased a new stake in TCW Strategic Income Fund in the fourth quarter valued at $13,638,000. Noble Wealth Management PBC purchased a new stake in TCW Strategic Income Fund in the fourth quarter valued at $825,000. Finally, Raymond James Financial Inc. purchased a new stake in TCW Strategic Income Fund in the fourth quarter valued at $4,502,000. 35.22% of the stock is owned by hedge funds and other institutional investors.

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.