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

TCW Strategic Income Fund, Inc. (NYSE:TSI) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 1,602,305 shares, a growth of 1,116.7% from the January 29th total of 131,697 shares. Based on an average daily volume of 385,312 shares, the days-to-cover ratio is currently 4.2 days. Approximately 3.4% of the company’s shares are short sold. Approximately 3.4% of the company’s shares are short sold. Based on an average daily volume of 385,312 shares, the days-to-cover ratio is currently 4.2 days.

TCW Strategic Income Fund Price Performance

TSI traded down $0.02 during trading hours on Thursday, hitting $4.62. 82,175 shares of the company’s stock were exchanged, compared to its average volume of 203,956. TCW Strategic Income Fund has a 12-month low of $4.58 and a 12-month high of $5.06. The firm has a 50 day moving average of $4.85 and a 200 day moving average of $4.91.

TCW Strategic Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be issued a $0.0283 dividend. This represents a c) dividend on an annualized basis and a yield of 7.4%. This is a boost from TCW Strategic Income Fund’s previous monthly dividend of $0.02. The ex-dividend date is Wednesday, April 15th.

Insider Buying and Selling at TCW Strategic Income Fund

In related news, Director Robert Gerald Rooney bought 7,900 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were bought at an average price of $4.93 per share, with a total value of $38,947.00. Following the completion of the transaction, the director directly owned 20,500 shares of the company’s stock, valued at $101,065. This represents a 62.70% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter Mcmillan purchased 179,522 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were bought at an average price of $4.73 per share, with a total value of $849,139.06. Following the completion of the transaction, the director owned 200,000 shares of the company’s stock, valued at approximately $946,000. The trade was a 876.66% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 269,464 shares of company stock worth $1,272,195. Corporate insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On TCW Strategic Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Focus Partners Wealth purchased a new position in TCW Strategic Income Fund in the first quarter worth approximately $50,000. Concurrent Investment Advisors LLC acquired a new position in shares of TCW Strategic Income Fund during the fourth quarter worth $51,000. MB Generational Wealth LLC purchased a new position in TCW Strategic Income Fund in the third quarter valued at $63,000. Private Advisor Group LLC purchased a new stake in TCW Strategic Income Fund during the 3rd quarter worth about $68,000. Finally, &PARTNERS acquired a new position in shares of TCW Strategic Income Fund during the 4th quarter worth about $71,000. 35.22% of the stock is owned by institutional investors and hedge funds.

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.