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

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 76,800 shares, an increase of 3,390.9% from the March 31st total of 2,200 shares. Based on an average daily volume of 99,600 shares, the days-to-cover ratio is currently 0.8 days.

TCW Strategic Income Fund Price Performance

NYSE TSI traded down $0.02 during mid-day trading on Thursday, reaching $4.58. 84,522 shares of the company’s stock traded hands, compared to its average volume of 96,143. TCW Strategic Income Fund has a 1-year low of $4.48 and a 1-year high of $4.87. The company has a fifty day simple moving average of $4.68 and a 200-day simple moving average of $4.67.

TCW Strategic Income Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a yield of 5.25%.

Institutional Investors Weigh In On TCW Strategic Income Fund

A number of hedge funds have recently bought and sold shares of TSI. NBC Securities Inc. acquired a new stake in TCW Strategic Income Fund during the 3rd quarter valued at approximately $44,000. Forum Financial Management LP bought a new position in TCW Strategic Income Fund during the 4th quarter worth approximately $46,000. Private Management Group Inc. bought a new position in TCW Strategic Income Fund during the 3rd quarter worth approximately $71,000. MB Generational Wealth LLC bought a new position in TCW Strategic Income Fund during the 4th quarter worth approximately $78,000. Finally, Sheaff Brock Investment Advisors LLC bought a new position in TCW Strategic Income Fund during the 4th quarter worth approximately $92,000. Institutional investors and hedge funds own 35.22% of the company’s stock.

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.