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 January. As of January 15th, there was short interest totaling 242,772 shares, a growth of 232.1% from the December 31st total of 73,108 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 68,583 shares, the short-interest ratio is currently 3.5 days. Based on an average trading volume of 68,583 shares, the short-interest ratio is currently 3.5 days. Currently, 0.5% of the shares of the stock are short sold.

Insider Transactions at TCW Strategic Income Fund

In related news, Director Robert Gerald Rooney purchased 7,900 shares of the firm’s stock in a transaction on 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 purchase, the director directly owned 20,500 shares in the company, valued at $101,065. This trade represents a 62.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have acquired 20,500 shares of company stock valued at $101,023. Insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On TCW Strategic Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. JP Wealth Management Inc. boosted its stake in shares of TCW Strategic Income Fund by 7.7% during the 4th quarter. JP Wealth Management Inc. now owns 3,237,474 shares of the financial services provider’s stock worth $15,993,000 after purchasing an additional 231,451 shares during the period. Diversified Management Inc. bought a new position in shares of TCW Strategic Income Fund during the fourth quarter valued at approximately $5,002,000. Riverbridge Partners LLC raised its holdings in shares of TCW Strategic Income Fund by 19.9% in the fourth quarter. Riverbridge Partners LLC now owns 208,992 shares of the financial services provider’s stock worth $1,032,000 after buying an additional 34,639 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of TCW Strategic Income Fund during the 2nd quarter worth approximately $772,000. Finally, Seven Mile Advisory purchased a new position in TCW Strategic Income Fund during the 3rd quarter valued at $530,000. Hedge funds and other institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Trading Up 0.3%

TSI traded up $0.02 on Thursday, hitting $4.86. The company had a trading volume of 49,844 shares, compared to its average volume of 56,336. The business’s fifty day simple moving average is $4.92 and its 200 day simple moving average is $4.93. TCW Strategic Income Fund has a 12-month low of $4.61 and a 12-month high of $5.06.

TCW Strategic Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a $0.0217 dividend. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 5.4%.

TCW Strategic Income Fund Company Profile

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.