TCW Strategic Income Fund, Inc. (NYSE:TSI) Short Interest Up 1,798.7% in April

TCW Strategic Income Fund, Inc. (NYSE:TSI) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 146,200 shares, a growth of 1,798.7% from the March 31st total of 7,700 shares. Based on an average trading volume of 70,700 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Investors Weigh In On TCW Strategic Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Avidian Wealth Enterprises LLC bought a new position in TCW Strategic Income Fund during the 1st quarter valued at about $49,000. Riverbridge Partners LLC raised its holdings in shares of TCW Strategic Income Fund by 10.3% in the first quarter. Riverbridge Partners LLC now owns 163,574 shares of the financial services provider’s stock worth $795,000 after buying an additional 15,331 shares during the period. JP Wealth Management Inc. lifted its stake in shares of TCW Strategic Income Fund by 7.3% during the 1st quarter. JP Wealth Management Inc. now owns 3,042,735 shares of the financial services provider’s stock worth $14,788,000 after acquiring an additional 207,300 shares during the last quarter. Sowell Financial Services LLC bought a new stake in shares of TCW Strategic Income Fund during the 1st quarter worth approximately $162,000. Finally, NBC Securities Inc. boosted its holdings in TCW Strategic Income Fund by 107,262.5% during the 1st quarter. NBC Securities Inc. now owns 8,589 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 8,581 shares during the period. Hedge funds and other institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Stock Up 0.3 %

NYSE:TSI opened at $4.86 on Friday. The business has a 50 day simple moving average of $4.87 and a 200-day simple moving average of $4.92. TCW Strategic Income Fund has a 1 year low of $4.52 and a 1 year high of $5.21.

TCW Strategic Income Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 31st were paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 5.36%. This is a positive change from TCW Strategic Income Fund’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, March 31st.

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.