TCW Strategic Income Fund, Inc. (NYSE:TSI) Sees Significant Increase in Short Interest

TCW Strategic Income Fund, Inc. (NYSE:TSI) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 2,376,239 shares, an increase of 48.3% from the February 12th total of 1,602,305 shares. Based on an average daily volume of 344,868 shares, the days-to-cover ratio is currently 6.9 days. Approximately 5.0% of the company’s stock are sold short. Approximately 5.0% of the company’s stock are sold short. Based on an average daily volume of 344,868 shares, the days-to-cover ratio is currently 6.9 days.

Insider Buying and Selling at TCW Strategic Income Fund

In other TCW Strategic Income Fund news, Director Peter Mcmillan purchased 179,522 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were acquired at an average price of $4.73 per share, for a total transaction of $849,139.06. Following the acquisition, the director owned 200,000 shares of the company’s stock, valued at $946,000. This trade represents a 876.66% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have acquired 257,390 shares of company stock worth $1,212,712. 0.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Focus Partners Wealth acquired a new stake in TCW Strategic Income Fund in the 1st quarter worth approximately $50,000. Concurrent Investment Advisors LLC acquired a new stake in shares of TCW Strategic Income Fund in the fourth quarter worth $51,000. MB Generational Wealth LLC bought a new stake in shares of TCW Strategic Income Fund during the 3rd quarter worth $63,000. Private Advisor Group LLC bought a new stake in shares of TCW Strategic Income Fund during the 3rd quarter worth $68,000. Finally, &PARTNERS bought a new position in TCW Strategic Income Fund in the 4th quarter worth $71,000. Institutional investors and hedge funds own 35.22% of the company’s stock.

TCW Strategic Income Fund Trading Down 0.1%

Shares of NYSE:TSI opened at $4.61 on Monday. TCW Strategic Income Fund has a 1 year low of $4.57 and a 1 year high of $5.06. The firm has a fifty day moving average price of $4.77 and a 200 day moving average price of $4.88.

TCW Strategic Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.0283 per share. This is a boost from TCW Strategic Income Fund’s previous monthly dividend of $0.02. The ex-dividend date is Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 7.4%.

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.