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

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 73,108 shares, a growth of 56.7% from the December 15th total of 46,660 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 78,513 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 78,513 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.2% of the company’s stock are short sold.

TCW Strategic Income Fund Trading Down 0.2%

TSI stock traded down $0.01 during midday trading on Friday, reaching $4.91. The stock had a trading volume of 38,103 shares, compared to its average volume of 66,333. TCW Strategic Income Fund has a 52-week low of $4.61 and a 52-week high of $5.06. The company’s fifty day simple moving average is $4.92 and its 200 day simple moving average is $4.93.

TCW Strategic Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a $0.0217 dividend. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Thursday, January 15th.

Insider Activity

In related news, Director Robert Gerald Rooney acquired 8,422 shares of the stock in a transaction dated Tuesday, November 25th. The stock was acquired at an average cost of $4.93 per share, for a total transaction of $41,520.46. Following the completion of the purchase, the director owned 8,422 shares of the company’s stock, valued at approximately $41,520.46. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought a total of 20,500 shares of company stock worth $101,023 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On TCW Strategic Income Fund

Several large investors have recently bought and sold shares of the stock. Intellus Advisors LLC boosted its stake in TCW Strategic Income Fund by 6.0% in the second quarter. Intellus Advisors LLC now owns 49,754 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 2,836 shares in the last quarter. Riverbridge Partners LLC lifted its holdings in TCW Strategic Income Fund by 2.5% in the third quarter. Riverbridge Partners LLC now owns 174,353 shares of the financial services provider’s stock valued at $858,000 after acquiring an additional 4,252 shares during the period. Bank of America Corp DE grew its position in TCW Strategic Income Fund by 13.6% during the second quarter. Bank of America Corp DE now owns 41,740 shares of the financial services provider’s stock worth $204,000 after buying an additional 5,001 shares during the period. Focus Partners Wealth purchased a new stake in TCW Strategic Income Fund during the first quarter worth $50,000. Finally, Hara Capital LLC increased its holdings in TCW Strategic Income Fund by 32.4% during the 3rd quarter. Hara Capital LLC now owns 45,314 shares of the financial services provider’s stock valued at $223,000 after acquiring an additional 11,091 shares in the last quarter. 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.