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

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 131,697 shares, a drop of 45.8% from the January 15th total of 242,772 shares. Based on an average daily volume of 53,718 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 53,718 shares, the days-to-cover ratio is presently 2.5 days.

Insider Activity

In related news, Director Peter Mcmillan bought 179,522 shares of TCW Strategic Income Fund stock in a transaction on Thursday, February 12th. The stock was acquired at an average price of $4.73 per share, with a total value of $849,139.06. Following the acquisition, the director directly owned 200,000 shares of the company’s stock, valued at $946,000. This represents a 876.66% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Gerald Rooney acquired 8,422 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was purchased at an average price of $4.93 per share, with a total value of $41,520.46. Following the completion of the transaction, the director directly owned 8,422 shares of the company’s stock, valued at $41,520.46. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 227,890 shares of company stock valued at $1,081,735. 0.23% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its stake in TCW Strategic Income Fund by 144.1% during the fourth quarter. Integrated Wealth Concepts LLC now owns 77,756 shares of the financial services provider’s stock worth $384,000 after purchasing an additional 45,900 shares during the last quarter. Sit Investment Associates Inc. increased its position in shares of 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 valued at $50,432,000 after purchasing an additional 766,863 shares during the last quarter. Intellus Advisors LLC raised its holdings in shares of TCW Strategic Income Fund by 10.0% during the 4th quarter. Intellus Advisors LLC now owns 75,670 shares of the financial services provider’s stock valued at $374,000 after buying an additional 6,874 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in TCW Strategic Income Fund by 16.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 25,372 shares of the financial services provider’s stock worth $125,000 after buying an additional 3,546 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in TCW Strategic Income Fund by 4.4% in the 4th quarter. HighTower Advisors LLC now owns 64,953 shares of the financial services provider’s stock worth $321,000 after buying an additional 2,757 shares during the last quarter. Institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Trading Up 0.4%

TSI traded up $0.02 on Friday, reaching $4.73. The company had a trading volume of 626,732 shares, compared to its average volume of 217,610. TCW Strategic Income Fund has a 52-week low of $4.58 and a 52-week high of $5.06. The business has a 50 day simple moving average of $4.89 and a 200 day simple moving average of $4.92.

TCW Strategic Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be given a dividend of $0.0283 per share. This is an increase from TCW Strategic Income Fund’s previous monthly dividend of $0.02. The ex-dividend date is Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 7.2%.

About TCW Strategic Income Fund

TCW Strategic Income Fund (NYSE: TSI) is a diversified, closed-end management investment company that seeks to provide total return through high current income and capital appreciation. The fund primarily invests in a broad array of fixed-income securities, including corporate debt, high-yield bonds, mortgage- and asset-backed securities, and emerging market debt. By combining multiple credit sectors with a flexible duration approach, the fund aims to generate attractive yields while managing interest-rate and credit risks in varying market environments.

Under the management of TCW Asset Management Company LLC, a subsidiary of TCW Group founded in 1971, TSI leverages the firm’s deep credit research capabilities and global trading platforms.