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

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the target of a large increase in short interest during 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 days-to-cover ratio is presently 3.5 days. Currently, 0.5% of the company’s shares are sold short. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 68,583 shares, the days-to-cover ratio is presently 3.5 days.

TCW Strategic Income Fund Stock Down 0.1%

Shares of NYSE TSI traded down $0.01 during mid-day trading on Wednesday, hitting $4.85. The stock had a trading volume of 84,356 shares, compared to its average volume of 62,548. The business has a 50 day moving average price of $4.92 and a two-hundred day moving average price of $4.93. TCW Strategic Income Fund has a 1 year low of $4.61 and a 1 year high of $5.06.

TCW Strategic Income Fund Announces Dividend

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

Insider Buying and Selling

In related news, Director Robert Gerald Rooney acquired 8,422 shares of the stock in a transaction on Tuesday, November 25th. The stock was purchased at an average price of $4.93 per share, for a total transaction of $41,520.46. Following the completion of the transaction, the director owned 8,422 shares of the company’s stock, valued at $41,520.46. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders purchased 20,500 shares of company stock valued at $101,023. 0.23% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TSI. Diversified Management Inc. bought a new position in TCW Strategic Income Fund during the 4th quarter valued at approximately $5,002,000. Hara Capital LLC raised its holdings in shares of TCW Strategic Income Fund by 59.4% during the fourth quarter. Hara Capital LLC now owns 72,214 shares of the financial services provider’s stock valued at $366,000 after acquiring an additional 26,900 shares in the last quarter. JP Wealth Management Inc. raised its holdings in shares of TCW Strategic Income Fund by 7.7% during the fourth quarter. JP Wealth Management Inc. now owns 3,237,474 shares of the financial services provider’s stock valued at $15,993,000 after acquiring an additional 231,451 shares in the last quarter. Riverbridge Partners LLC lifted its stake in TCW Strategic Income Fund by 19.9% in the fourth quarter. Riverbridge Partners LLC now owns 208,992 shares of the financial services provider’s stock worth $1,032,000 after acquiring an additional 34,639 shares during the period. Finally, Seven Mile Advisory bought a new stake in TCW Strategic Income Fund in the third quarter valued at $530,000. Hedge funds and other institutional investors own 35.22% of the company’s stock.

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.