Short Interest in TCW Strategic Income Fund, Inc. (NYSE:TSI) Rises By 56.7%

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the recipient of a significant growth in short interest during the month of 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. Based on an average daily trading volume, of 78,513 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 78,513 shares, the days-to-cover ratio is presently 0.9 days.

Insider Activity at TCW Strategic Income Fund

In related news, Director Robert Gerald Rooney acquired 8,422 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were purchased at an average price of $4.93 per share, for a total transaction of $41,520.46. Following the completion of the acquisition, the director owned 8,422 shares in the company, valued at approximately $41,520.46. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders bought a total of 20,500 shares of company stock valued at $101,023 in the last quarter. 0.23% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TCW Strategic Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Intellus Advisors LLC grew its holdings in TCW Strategic Income Fund by 6.0% in the 2nd quarter. Intellus Advisors LLC now owns 49,754 shares of the financial services provider’s stock worth $243,000 after acquiring an additional 2,836 shares during the last quarter. Riverbridge Partners LLC raised its stake in shares of TCW Strategic Income Fund by 2.5% during 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 last quarter. Bank of America Corp DE boosted its holdings in shares of 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 purchasing an additional 5,001 shares during the period. Focus Partners Wealth bought a new stake in shares of TCW Strategic Income Fund in the first quarter worth about $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 purchasing an additional 11,091 shares during the period. 35.22% of the stock is currently owned by institutional investors.

TCW Strategic Income Fund Stock Performance

TSI opened at $4.91 on Friday. The stock’s 50 day simple moving average is $4.92 and its 200 day simple moving average is $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 Dividend Announcement

The company also recently announced 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. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 5.3%.

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.