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

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the target of a significant decrease in short interest in 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. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 91,021 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On TCW Strategic Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quantinno Capital Management LP purchased a new stake in TCW Strategic Income Fund in the first quarter worth about $664,000. Fifth Third Bancorp purchased a new stake in TCW Strategic Income Fund in the first quarter worth about $36,000. Whipplewood Advisors LLC grew its holdings in TCW Strategic Income Fund by 2.7% in the first quarter. Whipplewood Advisors LLC now owns 165,778 shares of the financial services provider’s stock worth $744,000 after purchasing an additional 4,344 shares during the period. Flatrock Wealth Partners LLC purchased a new stake in TCW Strategic Income Fund in the first quarter worth about $48,000. Finally, Rareview Capital LLC purchased a new stake in TCW Strategic Income Fund in the first quarter worth about $75,000. Hedge funds and other institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Stock Performance

Shares of TSI opened at $4.50 on Thursday. TCW Strategic Income Fund has a fifty-two week low of $4.43 and a fifty-two week high of $5.06. The firm’s 50-day simple moving average is $4.54 and its two-hundred day simple moving average is $4.71.

TCW Strategic Income Fund Announces Dividend

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

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.