TCW Strategic Income Fund, Inc. (NYSE:TSI) Sees Significant Decrease in Short Interest

TCW Strategic Income Fund, Inc. (NYSE:TSI – Get Rating) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 9,400 shares, a decrease of 84.1% from the April 30th total of 59,200 shares. Based on an average trading volume of 121,100 shares, the short-interest ratio is currently 0.1 days.

TSI stock traded up $0.02 during trading on Friday, hitting $4.99. The company had a trading volume of 170,291 shares, compared to its average volume of 111,204. The business has a 50-day moving average of $5.01 and a 200-day moving average of $5.34. TCW Strategic Income Fund has a one year low of $4.86 and a one year high of $5.96.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 8th. Shareholders of record on Thursday, March 31st were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend was Wednesday, March 30th.

Institutional investors and hedge funds have recently modified their holdings of the business. Advisor Group Holdings Inc. raised its position in shares of TCW Strategic Income Fund by 3.5% during the first quarter. Advisor Group Holdings Inc. now owns 89,928 shares of the financial services provider’s stock worth $463,000 after purchasing an additional 3,045 shares during the period. UBS Group AG raised its position in shares of TCW Strategic Income Fund by 2.3% during the third quarter. UBS Group AG now owns 167,322 shares of the financial services provider’s stock worth $960,000 after purchasing an additional 3,731 shares during the period. PNC Financial Services Group Inc. raised its position in shares of TCW Strategic Income Fund by 165.0% during the third quarter. PNC Financial Services Group Inc. now owns 6,544 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 4,075 shares during the period. Janney Montgomery Scott LLC raised its position in shares of TCW Strategic Income Fund by 28.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 18,665 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 4,118 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in shares of TCW Strategic Income Fund by 2.3% during the first quarter. Commonwealth Equity Services LLC now owns 232,968 shares of the financial services provider’s stock worth $1,199,000 after purchasing an additional 5,322 shares during the period. 29.89% of the stock is currently owned by hedge funds and other institutional investors.

About TCW Strategic Income Fund (Get Rating)

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.

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