Short Interest in TCW Strategic Income Fund, Inc. (NYSE:TSI) Decreases By 20.2%

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 24,900 shares, a drop of 20.2% from the February 28th total of 31,200 shares. Based on an average trading volume of 73,700 shares, the days-to-cover ratio is presently 0.3 days.

TCW Strategic Income Fund Stock Down 0.2 %

TCW Strategic Income Fund stock traded down $0.01 during mid-day trading on Wednesday, hitting $4.91. 36,227 shares of the company’s stock traded hands, compared to its average volume of 93,557. TCW Strategic Income Fund has a one year low of $4.52 and a one year high of $5.21. The firm has a 50 day moving average price of $4.87 and a 200 day moving average price of $4.95.

TCW Strategic Income Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 5.30%. This is an increase from TCW Strategic Income Fund’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, March 31st.

Hedge Funds Weigh In On TCW Strategic Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. boosted its stake in TCW Strategic Income Fund by 0.8% during the fourth quarter. Sit Investment Associates Inc. now owns 6,916,611 shares of the financial services provider’s stock valued at $33,269,000 after buying an additional 53,056 shares in the last quarter. JP Wealth Management Inc. bought a new position in shares of TCW Strategic Income Fund during the 4th quarter valued at about $13,638,000. 1607 Capital Partners LLC lifted its stake in 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 purchasing an additional 362,207 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in TCW Strategic Income Fund during the third quarter valued at approximately $10,356,000. Finally, Ameriprise Financial Inc. boosted its holdings in 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 worth $4,797,000 after buying an additional 125,801 shares in the last quarter. 35.22% of the stock is owned by 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.