TCW Strategic Income Fund, Inc. (NYSE:TSI) Short Interest Up 3,390.9% in April

TCW Strategic Income Fund, Inc. (NYSE:TSI) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 76,800 shares, an increase of 3,390.9% from the March 31st total of 2,200 shares. Based on an average trading volume of 99,600 shares, the days-to-cover ratio is currently 0.8 days.

TCW Strategic Income Fund Price Performance

Shares of NYSE TSI opened at $4.60 on Friday. The business has a 50 day simple moving average of $4.67 and a 200 day simple moving average of $4.67. TCW Strategic Income Fund has a 52 week low of $4.48 and a 52 week high of $4.87.

TCW Strategic Income Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were paid a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.24 annualized dividend and a dividend yield of 5.22%.

Institutional Investors Weigh In On TCW Strategic Income Fund

Large investors have recently made changes to their positions in the company. Whitener Capital Management Inc. grew its stake in shares of TCW Strategic Income Fund by 45.0% in the 4th quarter. Whitener Capital Management Inc. now owns 38,335 shares of the financial services provider’s stock valued at $176,000 after buying an additional 11,890 shares in the last quarter. SeaBridge Investment Advisors LLC grew its stake in shares of TCW Strategic Income Fund by 4.7% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 439,905 shares of the financial services provider’s stock valued at $2,019,000 after buying an additional 19,659 shares in the last quarter. Raymond James & Associates grew its stake in shares of TCW Strategic Income Fund by 7.9% in the 4th quarter. Raymond James & Associates now owns 933,097 shares of the financial services provider’s stock valued at $4,283,000 after buying an additional 68,645 shares in the last quarter. 1607 Capital Partners LLC grew its stake in shares of TCW Strategic Income Fund by 9.6% in the 3rd quarter. 1607 Capital Partners LLC now owns 2,122,669 shares of the financial services provider’s stock valued at $9,722,000 after buying an additional 186,300 shares in the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of TCW Strategic Income Fund in the 3rd quarter valued at approximately $44,000. Institutional investors own 35.22% of the company’s stock.

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.