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

TCW Strategic Income Fund, Inc. (NYSE:TSI) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 61,400 shares, a growth 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 currently 0.7 days.

TCW Strategic Income Fund Trading Down 0.8 %

NYSE:TSI traded down $0.04 during mid-day trading on Wednesday, hitting $4.94. The company had a trading volume of 70,887 shares, compared to its average volume of 107,929. TCW Strategic Income Fund has a fifty-two week low of $4.52 and a fifty-two week high of $5.21. The business’s fifty day moving average is $5.08 and its two-hundred day moving average is $4.89.

TCW Strategic Income Fund Announces Dividend

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

Insider Transactions at TCW Strategic Income Fund

In related news, Director Andrew Tarica sold 10,799 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $5.08, for a total value of $54,858.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold a total of 24,599 shares of company stock worth $124,501 in the last quarter. 0.16% of the stock is owned by company insiders.

Institutional Investors Weigh In On TCW Strategic Income Fund

Hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new stake in shares of TCW Strategic Income Fund in the 2nd quarter valued at $68,000. Tortoise Investment Management LLC acquired a new position in TCW Strategic Income Fund in the second quarter valued at about $490,000. Calamos Advisors LLC bought a new stake in shares of TCW Strategic Income Fund in the second quarter worth about $133,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of TCW Strategic Income Fund during the second quarter worth about $108,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of TCW Strategic Income Fund by 413.0% during the 3rd quarter. International Assets Investment Management LLC now owns 237,940 shares of the financial services provider’s stock valued at $1,221,000 after purchasing an additional 191,558 shares in the last quarter. 35.22% of the stock is currently owned by institutional investors and hedge funds.

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.