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

Key Points

• TCW Strategic Income Fund, Inc. experienced a remarkable 95.0% increase in short interest in July, with total shares shorted rising from 19,900 to 38,800.
• The fund announced a quarterly dividend of $0.065 per share, which equates to an annualized dividend of $0.26 and a yield of 5.3%.
• Institutional investors currently own 35.22% of TCW Strategic Income Fund’s stock, with several new positions established in the second quarter.

TCW Strategic Income Fund, Inc. (NYSE:TSI - Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 38,800 shares, agrowthof95.0% from the July 15th total of 19,900 shares. Approximately0.1% of the company's stock are short sold. Based on an average daily volume of 61,800 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 61,800 shares, the short-interest ratio is currently 0.6 days. Approximately0.1% of the company's stock are short sold.

Institutional Trading of TCW Strategic Income Fund

Hedge funds and other institutional investors have recently modified their holdings of 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 acquiring an additional 8,581 shares during the last quarter. Avidian Wealth Enterprises LLC purchased a new stake in shares of TCW Strategic Income Fund during the first quarter worth about $49,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of TCW Strategic Income Fund during the fourth quarter worth about $49,000. Focus Partners Wealth purchased a new stake in shares of TCW Strategic Income Fund during the first quarter worth about $50,000. Finally, Corient Private Wealth LLC purchased a new stake in shares of TCW Strategic Income Fund during the second quarter worth about $82,000. 35.22% of the stock is owned by hedge funds and other institutional investors.

TCW Strategic Income Fund Price Performance

Shares of TSI stock traded up $0.0050 on Friday, hitting $4.9250. The stock had a trading volume of 78,851 shares, compared to its average volume of 42,566. The stock's 50 day moving average is $4.92 and its 200-day moving average is $4.89. TCW Strategic Income Fund has a 52-week low of $4.61 and a 52-week high of $5.21.

TCW Strategic Income Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Monday, June 30th were paid a dividend of $0.065 per share. The ex-dividend date was Monday, June 30th. This represents a $0.26 annualized dividend and a dividend yield of 5.3%.

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.