Short Interest in TCW Strategic Income Fund, Inc. (NYSE:TSI) Expands By 19.5%

TCW Strategic Income Fund, Inc. (NYSE:TSI) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 31,200 shares, an increase of 19.5% from the February 13th total of 26,100 shares. Based on an average daily volume of 73,300 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. lifted its holdings in TCW Strategic Income Fund by 0.8% in the 4th quarter. Sit Investment Associates Inc. now owns 6,916,611 shares of the financial services provider’s stock valued at $33,269,000 after purchasing an additional 53,056 shares in the last quarter. JP Wealth Management Inc. purchased a new position in shares of TCW Strategic Income Fund during the 4th quarter worth about $13,638,000. 1607 Capital Partners LLC lifted its holdings in shares of TCW Strategic Income Fund by 19.7% during the 4th quarter. 1607 Capital Partners LLC now owns 2,202,483 shares of the financial services provider’s stock worth $10,594,000 after acquiring an additional 362,207 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in shares of TCW Strategic Income Fund during the 3rd quarter worth about $10,356,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of TCW Strategic Income Fund by 14.4% during the 4th quarter. Ameriprise Financial Inc. now owns 997,360 shares of the financial services provider’s stock worth $4,797,000 after acquiring an additional 125,801 shares during the period. 35.22% of the stock is currently owned by hedge funds and other institutional investors.

TCW Strategic Income Fund Price Performance

NYSE:TSI traded up $0.02 on Thursday, reaching $4.92. The stock had a trading volume of 7,653 shares, compared to its average volume of 96,499. The firm’s fifty day moving average is $4.86 and its two-hundred day moving average is $4.97. TCW Strategic Income Fund has a 12-month low of $4.52 and a 12-month high of $5.21.

TCW Strategic Income Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 5.28%. This is a positive change from TCW Strategic Income Fund’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, March 31st.

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.