TCW Strategic Income Fund (NYSE:TSI) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $4.48 and traded as low as $4.30. TCW Strategic Income Fund shares last traded at $4.30, with a volume of 113,811 shares trading hands.

TCW Strategic Income Fund Price Performance

The company’s 50-day moving average is $4.38 and its 200 day moving average is $4.48.

TCW Strategic Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 17th will be paid a dividend of $0.0283 per share. This represents a $0.34 annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Thursday, September 17th.

Institutional Investors Weigh In On TCW Strategic Income Fund

Hedge funds have recently bought and sold shares of the business. Readystate Asset Management LP acquired a new stake in TCW Strategic Income Fund during the 2nd quarter worth about $115,000. Rareview Capital LLC grew its stake in TCW Strategic Income Fund by 1,911.9% during the 2nd quarter. Rareview Capital LLC now owns 307,541 shares of the financial services provider’s stock valued at $1,501,000 after acquiring an additional 292,255 shares in the last quarter. Susquehanna International Group LLP increased its holdings in shares of TCW Strategic Income Fund by 60.4% in the 2nd quarter. Susquehanna International Group LLP now owns 26,388 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 9,936 shares during the period. Beacon Pointe Advisors LLC acquired a new position in shares of TCW Strategic Income Fund in the 2nd quarter valued at about $106,000. Finally, Bank of America Corp DE acquired a new position in shares of TCW Strategic Income Fund in the 2nd quarter valued at about $68,000. 35.22% of the stock is owned by hedge funds and other institutional investors.

About TCW Strategic Income Fund

TCW Strategic Income Fund, Inc (NYSE: TSI) is a closed-end investment company that seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective. The fund is managed by TCW Investment Management Company and invests in a diversified portfolio of income-producing securities.

The fund may invest in a range of fixed-income assets, including high-yield corporate bonds, investment-grade debt, government and sovereign obligations, mortgage-backed securities, and emerging-market debt.