TCW Strategic Income Fund, Inc. (NYSE:TSI) Short Interest Up 95.0% in July

Key Points

• TCW Strategic Income Fund, Inc. experienced a remarkable 95.0% increase in short interest in July, with total shares shorted rising from 19,900 to 38,800.
• The fund announced a quarterly dividend of $0.065 per share, which equates to an annualized dividend of $0.26 and a yield of 5.3%.
• Institutional investors currently own 35.22% of TCW Strategic Income Fund’s stock, with several new positions established in the second quarter.

TCW Strategic Income Fund, Inc. (NYSE:TSI - ) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 38,800 shares, anincreaseof95.0% from the July 15th total of 19,900 shares. Approximately0.1% of the shares of the company are short sold. Based on an average daily volume of 61,800 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 61,800 shares, the short-interest ratio is presently 0.6 days. Approximately0.1% of the shares of the company are short sold.

TCW Strategic Income Fund Stock Performance

NYSE:TSI traded up $0.01 during trading hours on Friday, reaching $4.92. 22,526 shares of the company were exchanged, compared to its average volume of 49,434. The stock's 50-day moving average is $4.91 and its 200-day moving average is $4.89. TCW Strategic Income Fund has a twelve month low of $4.61 and a twelve month high of $5.21.

TCW Strategic Income Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Monday, June 30th were given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 5.3%. The ex-dividend date was Monday, June 30th.

Institutional Investors Weigh In On TCW Strategic Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of TSI. Corient Private Wealth LLC purchased a new position in TCW Strategic Income Fund during the second quarter worth about $82,000. Hara Capital LLC acquired a new stake in TCW Strategic Income Fund during the second quarter worth approximately $167,000. Bank of America Corp DE increased its holdings in shares of 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 valued at $204,000 after acquiring an additional 5,001 shares during the period. Jane Street Group LLC acquired a new position in shares of TCW Strategic Income Fund in the 2nd quarter valued at $343,000. Finally, Intellus Advisors LLC grew its position 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 valued at $243,000 after buying an additional 2,836 shares during the last quarter. 35.22% of the stock is currently owned by institutional investors and hedge funds.

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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