TCW Strategic Income Fund, Inc. (NYSE:TSI) Sees Significant Drop in Short Interest

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 49,900 shares, a decline of 18.7% from the October 31st total of 61,400 shares. Based on an average daily trading volume, of 78,100 shares, the days-to-cover ratio is currently 0.6 days.

TCW Strategic Income Fund Stock Performance

Shares of TSI opened at $4.99 on Monday. The business’s fifty day moving average price is $5.03 and its 200 day moving average price is $4.92. TCW Strategic Income Fund has a 12-month low of $4.52 and a 12-month high of $5.21.

TCW Strategic Income Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were given a $0.06 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.81%.

Insider Activity at TCW Strategic Income Fund

In other news, Director Andrew Tarica sold 10,799 shares of TCW Strategic Income Fund stock in a transaction that occurred on Monday, November 11th. The stock was 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 24,599 shares of company stock valued at $124,501 over the last three months. 0.16% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new position in TCW Strategic Income Fund in the second quarter worth about $68,000. Tortoise Investment Management LLC bought a new stake in TCW Strategic Income Fund during the second quarter worth approximately $490,000. Calamos Advisors LLC bought a new position in shares of TCW Strategic Income Fund during the 2nd quarter valued at about $133,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of TCW Strategic Income Fund during the second quarter valued at $108,000. Finally, International Assets Investment Management LLC lifted its position in shares of TCW Strategic Income Fund by 413.0% in 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 acquiring an additional 191,558 shares in the last quarter. 35.22% of the stock is owned by institutional investors and hedge funds.

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.