Short Interest in TCW Strategic Income Fund, Inc. (NYSE:TSI) Expands By 129.0%

TCW Strategic Income Fund, Inc. (NYSE:TSI) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 58,196 shares, an increase 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 shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Focus Partners Wealth bought a new stake in shares of TCW Strategic Income Fund in the 1st quarter valued at about $50,000. Jane Street Group LLC acquired a new stake in shares of TCW Strategic Income Fund during the 2nd quarter worth $343,000. Bank of America Corp DE raised its stake in TCW Strategic Income Fund by 13.6% in the second quarter. Bank of America Corp DE now owns 41,740 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 5,001 shares in the last quarter. Corient Private Wealth LLC bought a new stake in shares of TCW Strategic Income Fund during the 2nd quarter worth approximately $82,000. Finally, Private Advisor Group LLC acquired a new stake in shares of TCW Strategic Income Fund in the 3rd quarter valued at $68,000. Institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Stock Up 0.5%

Shares of TCW Strategic Income Fund stock traded up $0.02 during trading on Wednesday, reaching $4.45. 163,072 shares of the company were exchanged, compared to its average volume of 99,996. The business has a 50-day moving average price of $4.50 and a 200-day moving average price of $4.64. TCW Strategic Income Fund has a twelve month low of $4.43 and a twelve month high of $5.06.

TCW Strategic Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, July 16th will be issued a dividend of $0.0283 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date 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.