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

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TSI. Kovitz Investment Group Partners LLC bought a new position in TCW Strategic Income Fund during the 3rd quarter valued at $10,356,000. Raymond James Financial Inc. acquired a new position in TCW Strategic Income Fund during the fourth quarter worth about $4,502,000. PNC Financial Services Group Inc. lifted its holdings in TCW Strategic Income Fund by 102.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 51,357 shares of the financial services provider’s stock valued at $247,000 after acquiring an additional 26,012 shares during the last quarter. Transform Wealth LLC acquired a new position in shares of TCW Strategic Income Fund in the 4th quarter worth approximately $273,000. Finally, Intellus Advisors LLC acquired a new stake in TCW Strategic Income Fund during the fourth quarter valued at approximately $221,000. Institutional investors and hedge funds own 35.22% of the company’s stock.

TCW Strategic Income Fund Stock Performance

NYSE TSI opened at $4.89 on Monday. The company has a 50-day moving average price of $4.87 and a two-hundred day moving average price of $4.96. TCW Strategic Income Fund has a 52 week low of $4.52 and a 52 week high of $5.21.

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 $0.065 dividend. The ex-dividend date is Monday, March 31st. This is a boost from TCW Strategic Income Fund’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a dividend 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.