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

TCW Strategic Income Fund, Inc. (NYSE:TSI - Get Free Report) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 61,600 shares, a decline of 19.8% from the April 15th total of 76,800 shares. Based on an average daily volume of 123,000 shares, the days-to-cover ratio is presently 0.5 days.

TCW Strategic Income Fund Stock Performance

TSI stock remained flat at $4.62 during midday trading on Monday. 209,915 shares of the company's stock were exchanged, compared to its average volume of 114,827. TCW Strategic Income Fund has a twelve month low of $4.48 and a twelve month high of $4.87. The stock's 50-day moving average is $4.66 and its 200-day moving average is $4.68.

TCW Strategic Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were issued a $0.06 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a yield of 5.19%.

Hedge Funds Weigh In On TCW Strategic Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. First Foundation Advisors lifted its position in shares of TCW Strategic Income Fund by 5.3% during the 1st quarter. First Foundation Advisors now owns 147,625 shares of the financial services provider's stock valued at $710,000 after buying an additional 7,462 shares in the last quarter. SeaBridge Investment Advisors LLC lifted its holdings in TCW Strategic Income Fund by 5.6% during the first quarter. SeaBridge Investment Advisors LLC now owns 464,352 shares of the financial services provider's stock valued at $2,234,000 after purchasing an additional 24,447 shares in the last quarter. Hartline Investment Corp bought a new position in shares of TCW Strategic Income Fund in the first quarter worth approximately $108,000. Riverbridge Partners LLC increased its stake in shares of TCW Strategic Income Fund by 2.5% in the first quarter. Riverbridge Partners LLC now owns 141,752 shares of the financial services provider's stock worth $682,000 after purchasing an additional 3,489 shares in the last quarter. Finally, Raymond James & Associates raised its position in shares of TCW Strategic Income Fund by 5.6% during the 1st quarter. Raymond James & Associates now owns 985,051 shares of the financial services provider's stock valued at $4,738,000 after purchasing an additional 51,954 shares during the period. 35.22% of the stock is currently owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.