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TCW Strategic Income Fund (NYSE:TSI – Get Free Report) saw a significant increase in short interest in February. As of February 29th, short interest totaled 12,700 shares, an 18.7% increase from February 14th’s total of 10,700 shares. Based on average daily trading volume of 109,600 shares, the short interest ratio is currently 0.1 days.
TCW Strategic Income Fund Trading for Institutional Investors
A number of institutional investors have recently added to or reduced their stakes in TSI. Raymond James & Associates increased his position in TCW Strategic Income Fund by 4.8% in the 1st quarter. Raymond James & Associates now owns 778,779 shares of the financial services provider’s stock valued at $4,011,000 after purchasing an additional 35,974 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new position in TCW Strategic Income Fund during the 1st quarter valued at approximately $77,000. Captrust Financial Advisors acquired a new position in TCW Strategic Income Fund during the 2nd quarter worth approximately $50,000. UBS Group AG increased its stake in TCW Strategic Income Fund by 1.8% in the 3rd quarter. UBS Group AG now owns 155,858 shares of the financial services provider’s stock valued at $735,000 after purchasing an additional 2,690 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in TCW Strategic Income Fund by 13.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 265,517 shares of the financial services provider’s stock valued at $1,253,000 after purchasing an additional 31,515 shares in the last quarter. 30.04% of the stock is owned by hedge funds and other institutional investors.
TCW Strategic Income Fund Price Performance
Shares of TCW Strategic Income Fund stock opened at $4.67 on Friday. The company’s 50-day moving average price is $4.70 and its 200-day moving average price is $4.67. TCW Strategic Income Fund has a 12-month low of $4.48 and a 12-month high of $5.01.
TCW Strategic Income Fund Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Thursday, March 28th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, March 27th. This equates to his $0.24 dividend and his 5.14% yield on an annualized basis.
About TCW Strategic Income Fund
(Get Free Report)
TCW Strategic Income Fund, Inc is a closed-end balanced investment trust launched by TCW Group, Inc. The Fund is managed by TCW Investment Management Company. It invests in the U.S. public equity and debt markets. The Fund invests in the securities of companies operating across diverse sectors.
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