Short Interest in TCW Strategic Income Fund, Inc. (NYSE:TSI) Grows By 116.9%

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 75,432 shares, a growth of 116.9% from the August 15th total of 34,778 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 174,202 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On TCW Strategic Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sit Investment Associates Inc. increased its holdings in TCW Strategic Income Fund by 8.1% during the 4th quarter. Sit Investment Associates Inc. now owns 10,208,852 shares of the financial services provider’s stock worth $50,432,000 after purchasing an additional 766,863 shares in the last quarter. Hara Capital LLC purchased a new stake in shares of TCW Strategic Income Fund during the 2nd quarter valued at $3,406,000. Rareview Capital LLC increased its holdings in TCW Strategic Income Fund by 1,911.9% during the second quarter. Rareview Capital LLC now owns 307,541 shares of the financial services provider’s stock worth $1,501,000 after buying an additional 292,255 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in shares of TCW Strategic Income Fund during the 1st quarter worth approximately $664,000. Finally, Riverbridge Partners LLC increased its position in TCW Strategic Income Fund by 38.8% in the first quarter. Riverbridge Partners LLC now owns 290,073 shares of the financial services provider’s stock worth $1,302,000 after buying an additional 81,081 shares during the last quarter. 35.22% of the stock is owned by institutional investors.

TCW Strategic Income Fund Trading Up 1.1%

NYSE TSI traded up $0.04 during trading hours on Tuesday, hitting $4.29. 197,736 shares of the company’s stock were exchanged, compared to its average volume of 162,924. The stock has a 50-day simple moving average of $4.40 and a 200 day simple moving average of $4.50. TCW Strategic Income Fund has a 1-year low of $4.17 and a 1-year high of $5.06.

TCW Strategic Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 17th will be given a $0.0283 dividend. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Thursday, September 17th.

About TCW Strategic Income Fund

TCW Strategic Income Fund, Inc (NYSE: TSI) is a closed-end investment company that seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective. The fund is managed by TCW Investment Management Company and invests in a diversified portfolio of income-producing securities.

The fund may invest in a range of fixed-income assets, including high-yield corporate bonds, investment-grade debt, government and sovereign obligations, mortgage-backed securities, and emerging-market debt.