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


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TCW Strategic Income Fund, Inc. (NYSE:TSI) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 44,500 shares, a decrease of 21.2% from the March 15th total of 56,500 shares. Based on an average trading volume of 134,200 shares, the days-to-cover ratio is currently 0.3 days.

In other TCW Strategic Income Fund news, Portfolio Manager Laird Landmann purchased 87,525 shares of the firm’s stock in a transaction on Tuesday, April 6th. The stock was bought at an average cost of $5.67 per share, for a total transaction of $496,266.75. Following the completion of the purchase, the portfolio manager now owns 520,465 shares in the company, valued at approximately $2,951,036.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired a total of 202,112 shares of company stock worth $1,145,353 in the last ninety days. 0.17% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSI. Morgan Stanley raised its stake in TCW Strategic Income Fund by 20.7% during the 4th quarter. Morgan Stanley now owns 1,268,276 shares of the financial services provider’s stock valued at $7,216,000 after acquiring an additional 217,854 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in TCW Strategic Income Fund by 8.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 507,121 shares of the financial services provider’s stock valued at $2,886,000 after buying an additional 39,614 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of TCW Strategic Income Fund by 10.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 260,309 shares of the financial services provider’s stock worth $1,481,000 after purchasing an additional 23,577 shares during the period. Stifel Financial Corp lifted its stake in shares of TCW Strategic Income Fund by 11.6% during the 4th quarter. Stifel Financial Corp now owns 212,972 shares of the financial services provider’s stock worth $1,212,000 after purchasing an additional 22,079 shares during the period. Finally, Citigroup Inc. purchased a new position in shares of TCW Strategic Income Fund during the 4th quarter worth $468,000. 25.26% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE TSI remained flat at $$5.64 during midday trading on Monday. The stock had a trading volume of 84,171 shares, compared to its average volume of 132,193. The company’s 50-day simple moving average is $5.66 and its 200 day simple moving average is $5.65. TCW Strategic Income Fund has a 1-year low of $5.25 and a 1-year high of $5.97.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 9th. Stockholders of record on Wednesday, March 31st were paid a $0.0825 dividend. The ex-dividend date was Tuesday, March 30th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 5.85%.

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.

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