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

TCW Strategic Income Fund, Inc. (NYSE:TSI) saw a large 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 daily volume of 63,300 shares, the short-interest ratio is currently 0.6 days.

TCW Strategic Income Fund Trading Up 1.1 %

TSI stock opened at $4.81 on Thursday. TCW Strategic Income Fund has a 52 week low of $4.52 and a 52 week high of $5.21. The firm has a 50 day moving average of $4.96 and a 200 day moving average of $4.99.

TCW Strategic Income Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date of this dividend was Tuesday, December 31st.

Insider Buying and Selling

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

Hedge Funds Weigh In On TCW Strategic Income Fund

Institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new position in TCW Strategic Income Fund during the 2nd quarter worth approximately $68,000. Mercer Global Advisors Inc. ADV purchased a new position in TCW Strategic Income Fund during the 2nd quarter worth approximately $108,000. International Assets Investment Management LLC raised its position 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 worth $1,221,000 after buying an additional 191,558 shares during the last quarter. Merriman Wealth Management LLC purchased a new position in TCW Strategic Income Fund during the 2nd quarter worth approximately $48,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in TCW Strategic Income Fund during the 3rd quarter worth approximately $10,356,000. 35.22% of the stock is owned by hedge funds and other institutional investors.

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.