Short Interest in TCW Strategic Income Fund, Inc. (NYSE:TSI) Decreases By 66.2%

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 27,272 shares, a decrease of 66.2% from the May 14th total of 80,794 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 91,021 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On TCW Strategic Income Fund

A number of institutional investors have recently bought and sold shares of TSI. Focus Partners Wealth bought a new position in TCW Strategic Income Fund in the first quarter worth about $50,000. Jane Street Group LLC bought a new position in TCW Strategic Income Fund in the second quarter worth about $343,000. Bank of America Corp DE raised its stake in TCW Strategic Income Fund by 13.6% in the second quarter. Bank of America Corp DE now owns 41,740 shares of the financial services provider’s stock worth $204,000 after buying an additional 5,001 shares in the last quarter. Corient Private Wealth LLC bought a new position in TCW Strategic Income Fund in the second quarter worth about $82,000. Finally, Intellus Advisors LLC raised its stake in TCW Strategic Income Fund by 38.3% in the third quarter. Intellus Advisors LLC now owns 68,796 shares of the financial services provider’s stock worth $338,000 after buying an additional 19,042 shares in the last quarter. 35.22% of the stock is owned by institutional investors.

TCW Strategic Income Fund Price Performance

TSI stock opened at $4.50 on Thursday. TCW Strategic Income Fund has a 1 year low of $4.43 and a 1 year high of $5.06. The firm has a 50-day moving average of $4.54 and a 200 day moving average of $4.71.

TCW Strategic Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.0283 dividend. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Monday, June 15th.

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.