Short Interest in TCW Strategic Income Fund, Inc. (NYSE:TSI) Declines 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 significant 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. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 71,100 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 71,100 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company's stock are sold short.

Hedge Funds Weigh In On TCW Strategic Income Fund

Large investors have recently made changes to their positions in the business. NBC Securities Inc. increased its position in shares of TCW Strategic Income Fund by 107,262.5% during the first quarter. NBC Securities Inc. now owns 8,589 shares of the financial services provider's stock worth $41,000 after purchasing an additional 8,581 shares in the last quarter. Avidian Wealth Enterprises LLC acquired a new position in shares of TCW Strategic Income Fund during the first quarter worth $49,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of TCW Strategic Income Fund during the fourth quarter worth $49,000. Focus Partners Wealth acquired a new position in shares of TCW Strategic Income Fund during the first quarter worth $50,000. Finally, Corient Private Wealth LLC acquired a new position in shares of TCW Strategic Income Fund during the second quarter worth $82,000. 35.22% of the stock is owned by institutional investors and hedge funds.

TCW Strategic Income Fund Stock Performance

NYSE:TSI traded up $0.02 during trading hours on Friday, reaching $5.03. The company's stock had a trading volume of 43,853 shares, compared to its average volume of 62,741. TCW Strategic Income Fund has a 12 month low of $4.61 and a 12 month high of $5.18. The stock has a 50 day moving average price of $4.94 and a two-hundred day moving average price of $4.91.

TCW Strategic Income Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 30th will be paid a $0.065 dividend. 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%.

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.