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 December. As of December 31st, there was short interest totaling 73,108 shares, a growth of 56.7% from the December 15th total of 46,660 shares. Based on an average trading volume of 78,513 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 78,513 shares, the days-to-cover ratio is presently 0.9 days.

TCW Strategic Income Fund Stock Down 0.2%

TSI stock traded down $0.01 during midday trading on Friday, hitting $4.91. The company’s stock had a trading volume of 38,103 shares, compared to its average volume of 65,764. The company’s fifty day moving average price is $4.92 and its 200 day moving average price is $4.93. TCW Strategic Income Fund has a twelve month low of $4.61 and a twelve month high of $5.06.

TCW Strategic Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a $0.0217 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Thursday, January 15th.

Insider Activity at TCW Strategic Income Fund

In other TCW Strategic Income Fund news, Director Robert Gerald Rooney acquired 7,900 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were acquired at an average price of $4.93 per share, for a total transaction of $38,947.00. Following the acquisition, the director directly owned 20,500 shares of the company’s stock, valued at approximately $101,065. This trade represents a 62.70% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 20,500 shares of company stock worth $101,023 over the last quarter. Company insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Focus Partners Wealth bought a new position in shares of TCW Strategic Income Fund in the first quarter valued at about $50,000. Riverbridge Partners LLC increased its holdings in TCW Strategic Income Fund by 4.0% in the 2nd quarter. Riverbridge Partners LLC now owns 170,101 shares of the financial services provider’s stock valued at $830,000 after buying an additional 6,527 shares during the period. SeaBridge Investment Advisors LLC boosted its holdings in shares of TCW Strategic Income Fund by 17.6% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 805,169 shares of the financial services provider’s stock valued at $3,929,000 after purchasing an additional 120,465 shares in the last quarter. JP Wealth Management Inc. boosted its stake in TCW Strategic Income Fund by 5.6% in the second quarter. JP Wealth Management Inc. now owns 3,213,023 shares of the financial services provider’s stock valued at $15,680,000 after buying an additional 170,288 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in TCW Strategic Income Fund in the second quarter valued at about $772,000. 35.22% of the stock is currently owned by institutional investors.

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.