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

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 39,400 shares, a drop of 41.0% from the December 15th total of 66,800 shares. Based on an average trading volume of 63,300 shares, the short-interest ratio is currently 0.6 days.

Insider Activity

In other TCW Strategic Income Fund news, Director Andrew Tarica sold 10,799 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $5.08, for a total transaction of $54,858.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 24,599 shares of company stock worth $124,501 over the last three months. Corporate insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On TCW Strategic Income Fund

A number of institutional investors have recently modified their holdings of TSI. Kovitz Investment Group Partners LLC acquired a new position in shares of TCW Strategic Income Fund during the third quarter worth approximately $10,356,000. International Assets Investment Management LLC raised its stake in 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 purchasing an additional 191,558 shares during the last quarter. Transatlantique Private Wealth LLC boosted its holdings in TCW Strategic Income Fund by 36.7% in the 2nd quarter. Transatlantique Private Wealth LLC now owns 56,565 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 15,190 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in TCW Strategic Income Fund in the 2nd quarter worth $108,000. Finally, Sanctuary Advisors LLC bought a new position in shares of TCW Strategic Income Fund during the 2nd quarter worth about $68,000. Institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Stock Up 0.6 %

Shares of TSI traded up $0.03 during midday trading on Tuesday, reaching $4.79. 27,529 shares of the stock were exchanged, compared to its average volume of 104,491. TCW Strategic Income Fund has a 12-month low of $4.52 and a 12-month high of $5.21. The firm has a 50 day simple moving average of $4.96 and a 200-day simple moving average of $4.99.

TCW Strategic Income Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date was Tuesday, December 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.