TCW Strategic Income Fund (NYSE:TSI) Stock Price Passes Below Two Hundred 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 Wednesday . The stock has a 200-day moving average of $4.93 and traded as low as $4.89. TCW Strategic Income Fund shares last traded at $4.9150, with a volume of 34,128 shares trading hands.

TCW Strategic Income Fund Trading Up 0.1%

The company has a 50 day moving average price of $4.92 and a 200 day moving average price of $4.93.

TCW Strategic Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders 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) dividend on an annualized basis and a yield of 5.3%.

Insider Activity at TCW Strategic Income Fund

In other news, Director Robert Gerald Rooney bought 7,900 shares of the stock in a transaction dated Monday, December 1st. The shares were acquired at an average price of $4.93 per share, with a total value of $38,947.00. Following the completion of the acquisition, the director directly owned 20,500 shares in the company, valued at approximately $101,065. The trade was a 62.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have acquired 20,500 shares of company stock valued at $101,023. 0.23% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TCW Strategic Income Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Focus Partners Wealth purchased a new stake in TCW Strategic Income Fund in the 1st quarter valued at approximately $50,000. MB Generational Wealth LLC acquired a new stake in shares of TCW Strategic Income Fund in the 3rd quarter valued at approximately $63,000. Private Advisor Group LLC acquired a new stake in shares of TCW Strategic Income Fund in the 3rd quarter valued at approximately $68,000. Corient Private Wealth LLC purchased a new stake in shares of TCW Strategic Income Fund in the second quarter valued at approximately $82,000. Finally, Allworth Financial LP acquired a new position in TCW Strategic Income Fund during the second quarter worth $112,000. Institutional investors and hedge funds own 35.22% of the company’s stock.

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.