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

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

TCW Strategic Income Fund Stock Up 1.4 %

Shares of NYSE:TSI traded up $0.07 during trading on Tuesday, hitting $4.93. 89,492 shares of the company were exchanged, compared to its average volume of 93,832. TCW Strategic Income Fund has a fifty-two week low of $4.52 and a fifty-two week high of $5.21. The firm has a fifty day moving average price of $4.87 and a two-hundred day moving average price of $4.96.

TCW Strategic Income Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date is Monday, March 31st. This is an increase from TCW Strategic Income Fund’s previous quarterly dividend of $0.06.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new position in TCW Strategic Income Fund during the fourth quarter worth about $49,000. Lindbrook Capital LLC bought a new position in shares of TCW Strategic Income Fund during the 4th quarter worth approximately $50,000. Bank of America Corp DE increased its holdings in shares of TCW Strategic Income Fund by 11.7% during the 4th quarter. Bank of America Corp DE now owns 39,930 shares of the financial services provider’s stock worth $192,000 after acquiring an additional 4,167 shares during the last quarter. Intellus Advisors LLC acquired a new position in shares of TCW Strategic Income Fund during the 4th quarter worth approximately $221,000. Finally, PNC Financial Services Group Inc. raised its stake in TCW Strategic Income Fund by 102.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 51,357 shares of the financial services provider’s stock valued at $247,000 after acquiring an additional 26,012 shares during the period. 35.22% of the stock is currently owned by institutional investors and hedge funds.

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.