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 volume of 73,300 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC purchased a new position in TCW Strategic Income Fund in the fourth quarter worth about $49,000. Cary Street Partners Financial LLC purchased a new position in TCW Strategic Income Fund in the fourth quarter worth about $261,000. Bank of America Corp DE grew its position in TCW Strategic Income Fund by 11.7% in the fourth quarter. Bank of America Corp DE now owns 39,930 shares of the financial services provider’s stock worth $192,000 after acquiring an additional 4,167 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of TCW Strategic Income Fund by 14.4% during the fourth quarter. Ameriprise Financial Inc. now owns 997,360 shares of the financial services provider’s stock valued at $4,797,000 after buying an additional 125,801 shares during the period. Finally, 1607 Capital Partners LLC boosted its position 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 buying an additional 362,207 shares during the period. Hedge funds and other institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Trading Up 0.2 %

TSI traded up $0.01 on Wednesday, hitting $4.91. The company had a trading volume of 20,935 shares, 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’s fifty day simple moving average is $4.86 and its 200 day simple moving average is $4.97.

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 $0.065 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.26 annualized dividend and a yield of 5.30%. This is a positive change from TCW Strategic Income Fund’s previous quarterly dividend of $0.06.

About TCW Strategic Income Fund

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.