Short Interest in TCW Strategic Income Fund, Inc. (NYSE:TSI) Rises By 38.1%

TCW Strategic Income Fund, Inc. (NYSE:TSIGet Rating) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 55,800 shares, an increase of 38.1% from the March 15th total of 40,400 shares. Based on an average daily trading volume, of 106,900 shares, the days-to-cover ratio is currently 0.5 days.

Shares of TSI traded down $0.04 during midday trading on Friday, hitting $5.02. The stock had a trading volume of 66,264 shares, compared to its average volume of 93,187. TCW Strategic Income Fund has a fifty-two week low of $4.96 and a fifty-two week high of $5.96. The business has a 50-day simple moving average of $5.15 and a two-hundred day simple moving average of $5.50.

The company also recently announced a quarterly dividend, which was paid on Friday, April 8th. Shareholders of record on Thursday, March 31st were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Wednesday, March 30th.

Several institutional investors and hedge funds have recently made changes to their positions in TSI. PNC Financial Services Group Inc. boosted its holdings in shares of TCW Strategic Income Fund by 165.0% in the third quarter. PNC Financial Services Group Inc. now owns 6,544 shares of the financial services provider’s stock worth $38,000 after buying an additional 4,075 shares during the period. Creative Planning acquired a new position in shares of TCW Strategic Income Fund in the third quarter worth about $59,000. Litman Gregory Wealth Management LLC lifted its position in shares of TCW Strategic Income Fund by 16,775.0% in the third quarter. Litman Gregory Wealth Management LLC now owns 16,200 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 16,104 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of TCW Strategic Income Fund in the fourth quarter worth approximately $95,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of TCW Strategic Income Fund by 28.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,665 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 4,118 shares in the last quarter. Institutional investors own 29.47% of the company’s stock.

About TCW Strategic Income Fund (Get Rating)

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.

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