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

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

Insider Buying and Selling at TCW Strategic Income Fund

In other news, Director Andrew Tarica sold 10,799 shares of the business’s 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 filing with the SEC, which is available through the SEC website. Insiders have sold 24,599 shares of company stock valued at $124,501 over the last 90 days. 0.16% of the stock is owned by insiders.

Institutional Investors Weigh In On TCW Strategic Income Fund

Several large investors have recently bought and sold shares of TSI. Mercer Global Advisors Inc. ADV purchased a new position in TCW Strategic Income Fund in the second quarter worth approximately $108,000. Transatlantique Private Wealth LLC increased its position in shares of 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 valued at $268,000 after purchasing an additional 15,190 shares during the last quarter. Merriman Wealth Management LLC acquired a new stake in shares of TCW Strategic Income Fund in the 2nd quarter valued at $48,000. Sanctuary Advisors LLC purchased a new stake in shares of TCW Strategic Income Fund during the 2nd quarter worth $68,000. Finally, International Assets Investment Management LLC grew its stake in shares of TCW Strategic Income Fund by 413.0% during the third quarter. International Assets Investment Management LLC now owns 237,940 shares of the financial services provider’s stock worth $1,221,000 after purchasing an additional 191,558 shares in the last quarter. Hedge funds and other institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Stock Performance

Shares of TSI stock opened at $4.81 on Thursday. TCW Strategic Income Fund has a fifty-two week low of $4.52 and a fifty-two week high of $5.21. The company has a 50 day moving average price of $4.96 and a 200 day moving average price of $4.99.

TCW Strategic Income Fund Dividend Announcement

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

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.