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

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 75,432 shares, an increase of 116.9% from the August 15th total of 34,778 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 174,202 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On TCW Strategic Income Fund

Several large investors have recently added to or reduced their stakes in the company. Focus Partners Wealth bought a new stake in TCW Strategic Income Fund in the 4th quarter valued at about $7,263,000. Sit Investment Associates Inc. increased its stake in shares of TCW Strategic Income Fund by 8.1% in the fourth quarter. Sit Investment Associates Inc. now owns 10,208,852 shares of the financial services provider’s stock worth $50,432,000 after purchasing an additional 766,863 shares in the last quarter. Hara Capital LLC bought a new stake in shares of TCW Strategic Income Fund in the second quarter valued at approximately $3,406,000. Rareview Capital LLC raised its position in shares of TCW Strategic Income Fund by 1,911.9% in the second quarter. Rareview Capital LLC now owns 307,541 shares of the financial services provider’s stock valued at $1,501,000 after purchasing an additional 292,255 shares during the period. Finally, Quantinno Capital Management LP purchased a new stake in shares of TCW Strategic Income Fund during the 1st quarter valued at approximately $664,000. Hedge funds and other institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Trading Down 0.1%

Shares of NYSE:TSI traded down $0.01 during mid-day trading on Monday, reaching $4.33. The company had a trading volume of 82,359 shares, compared to its average volume of 160,684. The company’s 50-day moving average price is $4.41 and its 200-day moving average price is $4.50. TCW Strategic Income Fund has a one year low of $4.33 and a one year high of $5.06.

TCW Strategic Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 17th will be given a dividend of $0.0283 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Thursday, September 17th.

About TCW Strategic Income Fund

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.