TCW Strategic Income Fund, Inc. (NYSE:TSI) Short Interest Update

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 41,300 shares, a decrease of 28.2% from the August 15th total of 57,500 shares. Based on an average daily volume of 91,700 shares, the short-interest ratio is presently 0.5 days.

TCW Strategic Income Fund Price Performance

Shares of NYSE TSI traded up $0.02 during midday trading on Friday, reaching $5.16. 91,444 shares of the stock were exchanged, compared to its average volume of 113,856. The firm has a 50-day simple moving average of $4.98 and a two-hundred day simple moving average of $4.78. TCW Strategic Income Fund has a twelve month low of $4.48 and a twelve month high of $5.18.

Institutional Trading of TCW Strategic Income Fund

A number of hedge funds have recently added to or reduced their stakes in TSI. Comerica Bank purchased a new position in TCW Strategic Income Fund in the first quarter valued at $29,000. Merriman Wealth Management LLC purchased a new position in shares of TCW Strategic Income Fund in the 2nd quarter valued at about $48,000. Sanctuary Advisors LLC acquired a new position in TCW Strategic Income Fund in the 2nd quarter worth about $68,000. Sheaff Brock Investment Advisors LLC acquired a new position in TCW Strategic Income Fund in the 4th quarter worth about $92,000. Finally, Hartline Investment Corp purchased a new position in TCW Strategic Income Fund during the first quarter worth approximately $108,000. 35.22% of the stock is owned by hedge funds and other institutional investors.

TCW Strategic Income Fund Company Profile

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.