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

TCW Strategic Income Fund, Inc. (NYSE:TSI) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 75,432 shares, an increase of 116.9% from the August 15th total of 34,778 shares. Based on an average daily volume of 174,202 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

TCW Strategic Income Fund Stock Performance

TSI opened at $4.29 on Wednesday. The stock’s 50 day simple moving average is $4.40 and its 200 day simple moving average is $4.50. TCW Strategic Income Fund has a 1 year low of $4.17 and a 1 year high of $5.06.

TCW Strategic Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 17th will be paid a $0.0283 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a c) dividend on an annualized basis and a yield of 7.9%.

Institutional Investors Weigh In On TCW Strategic Income Fund

A number of large investors have recently modified their holdings of the stock. Sit Investment Associates Inc. boosted its holdings in shares of TCW Strategic Income Fund by 8.1% during the 4th quarter. Sit Investment Associates Inc. now owns 10,208,852 shares of the financial services provider’s stock valued at $50,432,000 after buying an additional 766,863 shares in the last quarter. Hara Capital LLC bought a new position in shares of TCW Strategic Income Fund in the 2nd quarter worth about $3,406,000. Rareview Capital LLC increased its stake in shares of TCW Strategic Income Fund by 1,911.9% in the 2nd quarter. Rareview Capital LLC now owns 307,541 shares of the financial services provider’s stock worth $1,501,000 after acquiring an additional 292,255 shares in the last quarter. Riverbridge Partners LLC lifted its position in TCW Strategic Income Fund by 38.8% during the 1st quarter. Riverbridge Partners LLC now owns 290,073 shares of the financial services provider’s stock valued at $1,302,000 after acquiring an additional 81,081 shares during the period. Finally, Noble Wealth Management PBC lifted its position in TCW Strategic Income Fund by 16.9% during the 2nd quarter. Noble Wealth Management PBC now owns 276,747 shares of the financial services provider’s stock valued at $1,248,000 after acquiring an additional 40,015 shares during the period. Institutional investors own 35.22% of the company’s stock.

About TCW Strategic Income Fund

TCW Strategic Income Fund, Inc (NYSE: TSI) is a closed-end investment company that seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective. The fund is managed by TCW Investment Management Company and invests in a diversified portfolio of income-producing securities.

The fund may invest in a range of fixed-income assets, including high-yield corporate bonds, investment-grade debt, government and sovereign obligations, mortgage-backed securities, and emerging-market debt.