Shorts On Watch: Is Tcw Strategic Income Fund IN (NYSE:TSI) a Buy? The Stock Reported Less Sellers

November 18, 2016 - By Peter Erickson   ·   0 Comments

Shorts On Watch: Is Tcw Strategic Income Fund IN (NYSE:TSI) a Buy? The Stock Reported Less Sellers

The stock of Tcw Strategic Income Fund IN (NYSE:TSI) registered a decrease of 25.2% in short interest. TSI’s total short interest was 28,500 shares in November as published by FINRA. Its down 25.2% from 38,100 shares, reported previously. With 82,200 shares average volume, it will take short sellers 0 days to cover their TSI’s short positions. The stock decreased 0.19% or $0.01 on November 17, hitting $5.22. TCW Strategic Income Fund Inc. (NYSE:TSI) has declined 0.95% since April 18, 2016 and is downtrending. It has underperformed by 5.38% the S&P500.

TCW Strategic Income Fund, Inc. is a diversified, closed-end investment management company. The company has a market cap of $248.01 million. The Fund’s investment objective is to seek a total return consisting of current income and capital appreciation by investing in a range of securities, such as convertible securities, marketable equity securities, investment-grade debt securities, high-yield debt securities, and securities issued or guaranteed by the United States Government, its agencies and instrumentalities . It currently has negative earnings. The Fund also invests in repurchase agreements, mortgage related securities, asset-backed securities, money market securities, other securities and derivative instruments.

Insitutional Activity: The institutional sentiment increased to 1.21 in 2016 Q2. Its up 0.51, from 0.7 in 2016Q1. The ratio improved, as 10 funds sold all TCW Strategic Income Fund Inc. shares owned while 13 reduced positions. 2 funds bought stakes while 14 increased positions. They now own 4.89 million shares or 0.31% more from 4.87 million shares in 2016Q1.
Raymond James Associates holds 22,357 shares or 0% of its portfolio. Next Fin Group Incorporated has invested 0.01% of its portfolio in TCW Strategic Income Fund Inc. (NYSE:TSI). Pinnacle Advisory has invested 0.03% of its portfolio in TCW Strategic Income Fund Inc. (NYSE:TSI). Morgan Stanley has invested 0% of its portfolio in TCW Strategic Income Fund Inc. (NYSE:TSI). Seabridge Invest Limited Liability Corp holds 0.03% of its portfolio in TCW Strategic Income Fund Inc. (NYSE:TSI) for 20,350 shares. Royal Comml Bank Of Canada accumulated 0% or 2,114 shares. Focused Wealth Mngmt Incorporated accumulated 0.06% or 22,388 shares. Da Davidson Co last reported 0% of its portfolio in the stock. Brave Asset, a New Jersey-based fund reported 183,769 shares. North Star Invest Management Corporation has 29,312 shares for 0.03% of their US portfolio. Envestnet Asset Management accumulated 66,048 shares or 0% of the stock. Dixon Hubard Feinour And Brown Va holds 0.29% of its portfolio in TCW Strategic Income Fund Inc. (NYSE:TSI) for 164,900 shares. Financial Bank Of America Corporation De holds 43,594 shares or 0% of its portfolio. Wells Fargo Co Mn has 0% invested in the company for 390,552 shares. Creative Planning, a Kansas-based fund reported 2,000 shares.

TSI Company Profile

TCW Strategic Income Fund, Inc. (the Fund), formerly TCW Convertible Securities Fund, Inc., incorporated on January 13, 1987, is a diversified closed-end investment management company. The Fund’s investment objective is to seek a total return consisting of current income and capital appreciation by investing in convertible securities, marketable equity securities, investment-grade debt securities, high-yield debt securities, options, and securities issued or guaranteed by the United States Government, its agencies and instrumentalities (U.S. Government Securities). The Fund also invests in repurchase agreements, mortgage-related securities, asset-backed securities, money market securities and other securities.

More important recent TCW Strategic Income Fund Inc. (NYSE:TSI) news were published by: Marketwatch.com which released: “TCW Strategic Income Fund Inc.” on December 21, 2009, also Marketwatch.com published article titled: “Plus the latest data from Realtor.com on 21 home markets across the US”, Barrons.com published: “Closed-End Funds are Best for Today’s Market” on April 23, 2016. More interesting news about TCW Strategic Income Fund Inc. (NYSE:TSI) was released by: Prnewswire.com and their article: “Ronald Redell, Former President and CEO of TCW Funds, to Join DoubleLine LLC” with publication date: December 19, 2009.

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By Peter Erickson


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