TCW Strategic Income Fund, Inc. (NYSE:TSI) Short Interest Update

TCW Strategic Income Fund, Inc. (NYSE:TSI) saw a significant decline in short interest in January. As of January 31st, there was short interest totalling 23,100 shares, a decline of 36.7% from the January 15th total of 36,500 shares. Based on an average daily trading volume, of 66,800 shares, the short-interest ratio is currently 0.3 days.

TCW Strategic Income Fund Price Performance

Shares of TCW Strategic Income Fund stock opened at $4.88 on Thursday. The stock has a 50 day moving average of $4.89 and a 200 day moving average of $4.99. TCW Strategic Income Fund has a 12 month low of $4.52 and a 12 month high of $5.21.

TCW Strategic Income Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.92%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TSI. Sanctuary Advisors LLC purchased a new stake in TCW Strategic Income Fund during the second quarter valued at $68,000. International Assets Investment Management LLC raised its position in shares of TCW Strategic Income Fund by 413.0% during the 3rd quarter. International Assets Investment Management LLC now owns 237,940 shares of the financial services provider’s stock valued at $1,221,000 after buying an additional 191,558 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of TCW Strategic Income Fund by 19.9% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 12,119 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 2,010 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of TCW Strategic Income Fund in the 3rd quarter valued at about $10,356,000. Finally, Transform Wealth LLC purchased a new position in TCW Strategic Income Fund in the fourth quarter worth about $273,000. 35.22% of the stock is owned by hedge funds and other institutional investors.

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.