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

TCW Strategic Income Fund, Inc. (NYSE:TSI) saw a large decline in short interest in 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 volume of 78,100 shares, the days-to-cover ratio is currently 0.6 days.

Insider Buying and Selling at TCW Strategic Income Fund

In other TCW Strategic Income Fund news, Director Andrew Tarica sold 12,300 shares of TCW Strategic Income Fund stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $5.04, for a total transaction of $61,992.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 24,599 shares of company stock valued at $124,501 in the last three months. 0.16% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TCW Strategic Income Fund

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

TCW Strategic Income Fund Stock Performance

Shares of TSI stock traded up $0.03 during trading on Friday, hitting $4.99. 24,328 shares of the company were exchanged, compared to its average volume of 104,898. The business’s 50-day simple moving average is $5.03 and its 200 day simple moving average is $4.92. TCW Strategic Income Fund has a twelve month low of $4.52 and a twelve month high of $5.21.

TCW Strategic Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend was Monday, September 30th.

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.