Short Interest in TCW Strategic Income Fund, Inc. (NYSE:TSI) Declines By 18.7%

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 49,900 shares, a decrease 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.

Insiders Place Their Bets

In other TCW Strategic Income Fund news, Director Andrew Tarica sold 10,799 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $5.08, for a total transaction of $54,858.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 24,599 shares of company stock valued at $124,501 over the last three months. 0.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TCW Strategic Income Fund

A number of hedge funds have recently bought and sold shares of TSI. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of TCW Strategic Income Fund by 19.9% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 12,119 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 2,010 shares during the last quarter. Comerica Bank bought a new position in TCW Strategic Income Fund in the 1st quarter worth approximately $29,000. Merriman Wealth Management LLC acquired a new position in shares of TCW Strategic Income Fund during the second quarter worth approximately $48,000. Sanctuary Advisors LLC bought a new stake in shares of TCW Strategic Income Fund in the second quarter valued at approximately $68,000. Finally, Transatlantique Private Wealth LLC grew its stake in shares of TCW Strategic Income Fund by 36.7% in the second quarter. Transatlantique Private Wealth LLC now owns 56,565 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 15,190 shares during the last quarter. 35.22% of the stock is currently owned by institutional investors.

TCW Strategic Income Fund Price Performance

Shares of TCW Strategic Income Fund stock traded up $0.03 on Friday, reaching $4.99. The stock had a trading volume of 24,328 shares, compared to its average volume of 104,898. The business’s 50-day moving average price is $5.03 and its two-hundred day moving average price is $4.92. TCW Strategic Income Fund has a fifty-two week low of $4.52 and a fifty-two week high of $5.21.

TCW Strategic Income Fund Announces Dividend

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

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.