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

Key Points

• TCW Strategic Income Fund experienced a remarkable increase in short interest of 430.7% in September, rising from 10,100 shares to 53,600 shares.
• Institutional investors have been actively trading shares of TCW Strategic Income Fund, with notable increases in holdings from firms like Intellus Advisors LLC and Bank of America Corp DE.
• The company declared a quarterly dividend of $0.065, yielding approximately 5.3%, with shareholders of record receiving the payment on October 10th.

TCW Strategic Income Fund, Inc. (NYSE:TSI - ) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 53,600 shares, an increase of 430.7% from the September 15th total of 10,100 shares. Based on an average daily trading volume, of 57,400 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 57,400 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On TCW Strategic Income Fund

Institutional investors have recently added to or reduced their stakes in the company. Intellus Advisors LLC boosted its holdings in TCW Strategic Income Fund by 6.0% in the 2nd quarter. Intellus Advisors LLC now owns 49,754 shares of the financial services provider's stock worth $243,000 after buying an additional 2,836 shares during the period. Invesco Ltd. boosted its holdings in TCW Strategic Income Fund by 0.8% in the 1st quarter. Invesco Ltd. now owns 401,659 shares of the financial services provider's stock worth $1,952,000 after buying an additional 3,225 shares during the period. Riverbridge Partners LLC boosted its holdings in TCW Strategic Income Fund by 2.5% in the 3rd quarter. Riverbridge Partners LLC now owns 174,353 shares of the financial services provider's stock worth $858,000 after buying an additional 4,252 shares during the period. Bank of America Corp DE boosted its holdings in TCW Strategic Income Fund by 13.6% in the 2nd quarter. Bank of America Corp DE now owns 41,740 shares of the financial services provider's stock worth $204,000 after buying an additional 5,001 shares during the period. Finally, Avidian Wealth Enterprises LLC bought a new position in TCW Strategic Income Fund in the 1st quarter worth approximately $49,000. 35.22% of the stock is owned by institutional investors.

TCW Strategic Income Fund Stock Down 0.3%

Shares of NYSE:TSI traded down $0.02 during mid-day trading on Friday, hitting $4.90. 16,194 shares of the company traded hands, compared to its average volume of 67,647. TCW Strategic Income Fund has a 12-month low of $4.61 and a 12-month high of $5.14. The stock has a 50-day moving average price of $4.96 and a two-hundred day moving average price of $4.92.

TCW Strategic Income Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th were given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Tuesday, 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.

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