TCW Strategic Income Fund, Inc. (NYSE:TSI) Short Interest Up 1,116.7% in February

TCW Strategic Income Fund, Inc. (NYSE:TSI) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 1,602,305 shares, an increase of 1,116.7% from the January 29th total of 131,697 shares. Based on an average trading volume of 385,312 shares, the short-interest ratio is presently 4.2 days. Approximately 3.4% of the shares of the stock are short sold. Approximately 3.4% of the shares of the stock are short sold. Based on an average trading volume of 385,312 shares, the short-interest ratio is presently 4.2 days.

TCW Strategic Income Fund Stock Up 0.3%

Shares of NYSE:TSI traded up $0.02 during midday trading on Wednesday, reaching $4.64. 190,931 shares of the company’s stock were exchanged, compared to its average volume of 322,482. TCW Strategic Income Fund has a fifty-two week low of $4.58 and a fifty-two week high of $5.06. The firm’s 50 day simple moving average is $4.85 and its two-hundred day simple moving average is $4.91.

TCW Strategic Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be given a dividend of $0.0283 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Wednesday, April 15th. This is an increase from TCW Strategic Income Fund’s previous monthly dividend of $0.02.

Insider Transactions at TCW Strategic Income Fund

In related news, Director Peter Mcmillan acquired 50,000 shares of the stock in a transaction on Friday, February 20th. The shares were bought at an average price of $4.64 per share, with a total value of $232,000.00. Following the completion of the purchase, the director owned 300,000 shares of the company’s stock, valued at approximately $1,392,000. This represents a 20.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Gerald Rooney bought 7,900 shares of the company’s stock in a transaction on Monday, December 1st. The stock was bought 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 owned 20,500 shares in the company, valued at $101,065. This represents a 62.70% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 269,464 shares of company stock valued at $1,272,195. 0.23% of the stock is owned by insiders.

Institutional Trading of TCW Strategic Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. grew its stake in shares of TCW Strategic Income Fund by 8.1% in the fourth quarter. Sit Investment Associates Inc. now owns 10,208,852 shares of the financial services provider’s stock valued at $50,432,000 after buying an additional 766,863 shares in the last quarter. JP Wealth Management Inc. increased its stake in 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 worth $15,993,000 after purchasing an additional 231,451 shares during the period. Focus Partners Wealth purchased a new stake in TCW Strategic Income Fund during the fourth quarter worth about $7,263,000. Diversified Management Inc. acquired a new stake in shares of TCW Strategic Income Fund during the fourth quarter worth about $5,002,000. Finally, Riverbridge Partners LLC boosted its stake in shares of 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 valued at $1,032,000 after purchasing an additional 34,639 shares during the period. 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.