TCW Strategic Income Fund, Inc. (NYSE:TSI) Short Interest Up 389.3% in April

TCW Strategic Income Fund, Inc. (NYSE:TSI – Get Rating) saw a large increase in short interest in April. As of April 30th, there was short interest totalling 59,200 shares, an increase of 389.3% from the April 15th total of 12,100 shares. Based on an average trading volume of 120,400 shares, the days-to-cover ratio is currently 0.5 days.

Several institutional investors have recently made changes to their positions in TSI. Morgan Stanley lifted its holdings in shares of TCW Strategic Income Fund by 3.7% during the 2nd quarter. Morgan Stanley now owns 1,411,066 shares of the financial services provider’s stock valued at $8,354,000 after buying an additional 50,347 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of TCW Strategic Income Fund by 165.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,544 shares of the financial services provider’s stock valued at $38,000 after buying an additional 4,075 shares during the last quarter. Creative Planning acquired a new stake in shares of TCW Strategic Income Fund during the 3rd quarter valued at about $59,000. Sit Investment Associates Inc. lifted its holdings in shares of TCW Strategic Income Fund by 4.2% during the 3rd quarter. Sit Investment Associates Inc. now owns 2,139,204 shares of the financial services provider’s stock valued at $12,279,000 after buying an additional 86,772 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of TCW Strategic Income Fund by 15.5% during the 3rd quarter. Royal Bank of Canada now owns 49,963 shares of the financial services provider’s stock valued at $287,000 after buying an additional 6,718 shares during the last quarter. Institutional investors and hedge funds own 29.89% of the company’s stock.

NYSE:TSI opened at $4.89 on Friday. TCW Strategic Income Fund has a fifty-two week low of $4.87 and a fifty-two week high of $5.96. The stock’s 50-day moving average is $5.04 and its two-hundred day moving average is $5.39.

The company also recently declared a quarterly dividend, which was paid on Friday, April 8th. Stockholders of record on Thursday, March 31st were issued a dividend of $0.055 per share. The ex-dividend date was Wednesday, March 30th. This represents a $0.22 annualized dividend and a dividend yield of 4.50%.

About TCW Strategic Income Fund (Get Rating)

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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