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

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

Insider Activity

In other 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 transaction of $54,858.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 24,599 shares of company stock valued at $124,501 in the last three months. 0.16% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TCW Strategic Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSI. Kovitz Investment Group Partners LLC purchased a new stake in TCW Strategic Income Fund in the 3rd quarter worth $10,356,000. International Assets Investment Management LLC increased its holdings in TCW Strategic Income Fund by 413.0% in 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 acquiring an additional 191,558 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in TCW Strategic Income Fund in the 2nd quarter worth $108,000. Transatlantique Private Wealth LLC increased 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 worth $268,000 after acquiring an additional 15,190 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in TCW Strategic Income Fund in the 2nd quarter worth $68,000. Hedge funds and other institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Price Performance

Shares of NYSE TSI opened at $4.81 on Thursday. The firm has a fifty day moving average of $4.96 and a 200 day moving average of $4.99. TCW Strategic Income Fund has a one year low of $4.52 and a one year high of $5.21.

TCW Strategic Income Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 4.99%. 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.