TCW Strategic Income Fund, Inc. (NYSE:TSI) Short Interest Update

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 2,376,239 shares, a growth of 48.3% from the February 12th total of 1,602,305 shares. Approximately 5.0% of the company’s stock are short sold. Based on an average trading volume of 344,868 shares, the short-interest ratio is currently 6.9 days. Based on an average trading volume of 344,868 shares, the short-interest ratio is currently 6.9 days. Approximately 5.0% of the company’s stock are short sold.

TCW Strategic Income Fund Trading Down 0.1%

Shares of TSI traded down $0.01 during mid-day trading on Friday, reaching $4.61. 261,202 shares of the stock traded hands, compared to its average volume of 287,647. The stock has a fifty day simple moving average of $4.77 and a 200 day simple moving average of $4.88. TCW Strategic Income Fund has a 12-month low of $4.57 and a 12-month high of $5.06.

TCW Strategic Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be issued a dividend of $0.0283 per share. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Wednesday, April 15th. This is a positive change from TCW Strategic Income Fund’s previous monthly dividend of $0.02.

Insider Buying and Selling

In related news, Director Peter Mcmillan purchased 179,522 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was purchased at an average price of $4.73 per share, for a total transaction of $849,139.06. Following the acquisition, the director directly owned 200,000 shares in the company, valued at $946,000. The trade was a 876.66% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders purchased 257,390 shares of company stock worth $1,212,712. Insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On TCW Strategic Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Focus Partners Wealth acquired a new stake in TCW Strategic Income Fund during the 1st quarter valued at approximately $50,000. Concurrent Investment Advisors LLC acquired a new position in shares of TCW Strategic Income Fund in the 4th quarter valued at approximately $51,000. MB Generational Wealth LLC purchased a new position in shares of TCW Strategic Income Fund during the 3rd quarter valued at approximately $63,000. Private Advisor Group LLC purchased a new position in shares of TCW Strategic Income Fund during the 3rd quarter valued at approximately $68,000. Finally, &PARTNERS acquired a new stake in shares of TCW Strategic Income Fund during the fourth quarter worth approximately $71,000. 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.