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

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the target of a significant growth in short interest during the month of 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 daily trading volume, of 78,513 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 78,513 shares, the short-interest ratio is currently 0.9 days.

TCW Strategic Income Fund Stock Down 0.2%

Shares of TCW Strategic Income Fund stock traded down $0.01 on Friday, hitting $4.91. 38,103 shares of the company’s stock traded hands, compared to its average volume of 65,764. TCW Strategic Income Fund has a one year low of $4.61 and a one year high of $5.06. The company has a fifty day moving average of $4.92 and a two-hundred day moving average of $4.93.

TCW Strategic Income Fund Announces Dividend

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

Insider Buying and Selling

In other news, Director Robert Gerald Rooney purchased 7,900 shares of the business’s stock in a transaction on Monday, December 1st. The shares were acquired at an average price of $4.93 per share, with a total value of $38,947.00. Following the completion of the transaction, the director owned 20,500 shares of the company’s stock, valued at $101,065. The trade was a 62.70% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired a total of 20,500 shares of company stock worth $101,023 over the last quarter. Corporate insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On TCW Strategic Income Fund

A number of hedge funds have recently bought and sold shares of TSI. Focus Partners Wealth bought a new position in shares of TCW Strategic Income Fund in the first quarter valued at approximately $50,000. MB Generational Wealth LLC purchased a new position in TCW Strategic Income Fund during the 3rd quarter valued at about $63,000. Private Advisor Group LLC bought a new position in TCW Strategic Income Fund in the 3rd quarter valued at $68,000. Corient Private Wealth LLC bought a new position in TCW Strategic Income Fund in the 2nd quarter worth about $82,000. Finally, Allworth Financial LP bought a new position in shares of TCW Strategic Income Fund in the 2nd quarter worth $112,000. 35.22% of the stock is owned by hedge funds and other institutional investors.

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.