TCW Strategic Income Fund, Inc. (NYSE:TSI) Sees Large Increase in Short Interest

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 58,196 shares, a growth of 129.0% from the June 15th total of 25,412 shares. Based on an average trading volume of 105,381 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On TCW Strategic Income Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new position in TCW Strategic Income Fund during the first quarter valued at $36,000. Flatrock Wealth Partners LLC purchased a new stake in shares of TCW Strategic Income Fund in the 1st quarter worth about $48,000. Focus Partners Wealth bought a new position in shares of TCW Strategic Income Fund in the 1st quarter worth about $50,000. Concurrent Investment Advisors LLC bought a new position in shares of TCW Strategic Income Fund in the 4th quarter worth about $51,000. Finally, Private Advisor Group LLC purchased a new position in TCW Strategic Income Fund during the 3rd quarter valued at about $68,000. Institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Stock Down 0.3%

Shares of NYSE:TSI traded down $0.01 during trading on Tuesday, hitting $4.43. The stock had a trading volume of 174,365 shares, compared to its average volume of 100,820. TCW Strategic Income Fund has a 12 month low of $4.43 and a 12 month high of $5.06. The firm’s fifty day moving average is $4.51 and its 200 day moving average is $4.64.

TCW Strategic Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, July 16th will be paid a $0.0283 dividend. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Thursday, July 16th.

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.