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

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 242,772 shares, an increase of 232.1% from the December 31st total of 73,108 shares. Based on an average trading volume of 68,583 shares, the short-interest ratio is presently 3.5 days. Approximately 0.5% of the company’s shares are sold short. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 68,583 shares, the short-interest ratio is presently 3.5 days.

Insider Buying and Selling

In related news, Director Robert Gerald Rooney acquired 7,900 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were purchased at an average price of $4.93 per share, for a total transaction of $38,947.00. Following the completion of the acquisition, the director owned 20,500 shares of the company’s stock, valued at approximately $101,065. This trade represents a 62.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased a total of 20,500 shares of company stock worth $101,023 over the last ninety days. Company insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On TCW Strategic Income Fund

Several hedge funds have recently bought and sold shares of the company. Focus Partners Wealth bought a new stake in TCW Strategic Income Fund during the 1st quarter worth approximately $50,000. Concurrent Investment Advisors LLC purchased a new position in shares of TCW Strategic Income Fund during the 4th quarter valued at $51,000. MB Generational Wealth LLC bought a new position in shares of TCW Strategic Income Fund in the third quarter worth $63,000. Private Advisor Group LLC purchased a new stake in shares of TCW Strategic Income Fund in the third quarter worth $68,000. Finally, Corient Private Wealth LLC bought a new stake in TCW Strategic Income Fund during the second quarter valued at $82,000. Hedge funds and other institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Stock Down 0.0%

Shares of TSI stock traded down $0.00 on Friday, hitting $4.86. 46,458 shares of the stock were exchanged, compared to its average volume of 58,828. The firm’s 50 day moving average is $4.92 and its two-hundred day moving average is $4.93. TCW Strategic Income Fund has a one year low of $4.61 and a one year high of $5.06.

TCW Strategic Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be given a dividend of $0.0217 per share. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 5.4%.

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.