Short Interest in TCW Strategic Income Fund, Inc. (NYSE:TSI) Decreases By 33.2%

Key Points

• TCW Strategic Income Fund saw its short interest decrease by 33.2% in August, dropping to 12,700 shares from 19,000 shares.
• As of August 31, the short-interest ratio for the fund is currently 0.2 days, indicating a very low percentage of shares sold short.
• Institutional investors hold 35.22% of the stock, with notable increases in holdings from firms such as Ameriprise Financial and Sit Investment Associates.

TCW Strategic Income Fund, Inc. (NYSE:TSI - Get Free Report) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 12,700 shares, a decline of 33.2% from the August 15th total of 19,000 shares. Based on an average daily volume of 71,100 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 71,100 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On TCW Strategic Income Fund

Several large investors have recently made changes to their positions in TSI. NBC Securities Inc. boosted its holdings in shares of TCW Strategic Income Fund by 107,262.5% in the 1st quarter. NBC Securities Inc. now owns 8,589 shares of the financial services provider's stock valued at $41,000 after buying an additional 8,581 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of TCW Strategic Income Fund during the 4th quarter worth $49,000. Avidian Wealth Enterprises LLC acquired a new stake in shares of TCW Strategic Income Fund during the 1st quarter worth $49,000. Focus Partners Wealth acquired a new stake in shares of TCW Strategic Income Fund during the 1st quarter worth $50,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of TCW Strategic Income Fund during the 2nd quarter worth $82,000. Institutional investors and hedge funds own 35.22% of the company's stock.

TCW Strategic Income Fund Stock Performance

Shares of TSI stock traded up $0.01 on Wednesday, reaching $5.00. The company had a trading volume of 43,325 shares, compared to its average volume of 63,114. The company has a 50-day moving average of $4.93 and a 200-day moving average of $4.91. TCW Strategic Income Fund has a 12 month low of $4.61 and a 12 month high of $5.21.

TCW Strategic Income Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.26 dividend on an annualized basis and a yield of 5.2%.

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.