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

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 61,400 shares, an increase of 112.5% from the October 15th total of 28,900 shares. Based on an average daily volume of 83,700 shares, the days-to-cover ratio is presently 0.7 days.

Insider Buying and Selling

In other TCW Strategic Income Fund news, Director Andrew Tarica sold 12,300 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $5.04, for a total value of $61,992.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 24,599 shares of company stock valued at $124,501 over the last ninety days. 0.16% of the stock is owned by company insiders.

Institutional Trading of TCW Strategic Income Fund

Several hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in TCW Strategic Income Fund during the 2nd quarter worth approximately $68,000. Tortoise Investment Management LLC acquired a new position in TCW Strategic Income Fund during the 2nd quarter worth about $490,000. Calamos Advisors LLC bought a new stake in TCW Strategic Income Fund during the 2nd quarter worth about $133,000. Mercer Global Advisors Inc. ADV acquired a new stake in TCW Strategic Income Fund in the 2nd quarter valued at about $108,000. Finally, International Assets Investment Management LLC raised its stake in shares of TCW Strategic Income Fund by 413.0% in the third quarter. International Assets Investment Management LLC now owns 237,940 shares of the financial services provider’s stock worth $1,221,000 after acquiring an additional 191,558 shares during the last quarter. Institutional investors and hedge funds own 35.22% of the company’s stock.

TCW Strategic Income Fund Stock Down 0.8 %

Shares of NYSE:TSI traded down $0.04 on Wednesday, hitting $4.94. The stock had a trading volume of 70,887 shares, compared to its average volume of 107,929. The firm’s 50 day moving average price is $5.08 and its 200-day moving average price is $4.89. TCW Strategic Income Fund has a twelve month low of $4.52 and a twelve month high of $5.21.

TCW Strategic Income Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a yield of 4.86%.

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.