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

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the recipient of a significant decrease in short interest in 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 volume of 78,100 shares, the short-interest ratio is currently 0.6 days.

Insider Buying and Selling

In other TCW Strategic Income Fund news, Director Andrew Tarica sold 10,799 shares of the business’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders sold 24,599 shares of company stock worth $124,501. Corporate insiders own 0.16% of the company’s stock.

Institutional Trading of TCW Strategic Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Kovitz Investment Group Partners LLC bought a new position in TCW Strategic Income Fund in the 3rd quarter worth $10,356,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of TCW Strategic Income Fund by 19.9% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 12,119 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 2,010 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of 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 valued at $1,221,000 after purchasing an additional 191,558 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of TCW Strategic Income Fund in the second quarter worth about $68,000. Finally, Merriman Wealth Management LLC acquired a new position in shares of TCW Strategic Income Fund during the 2nd quarter worth about $48,000. 35.22% of the stock is currently owned by institutional investors and hedge funds.

TCW Strategic Income Fund Price Performance

Shares of TSI stock opened at $4.99 on Monday. The stock’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 Announces Dividend

The company 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. 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.