TCW Strategic Income Fund (NYSE:TSI) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

TCW Strategic Income Fund, Inc. (NYSE:TSI) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.68 and traded as low as $4.45. TCW Strategic Income Fund shares last traded at $4.47, with a volume of 86,112 shares changing hands.

TCW Strategic Income Fund Trading Up 0.2%

The company has a 50-day moving average of $4.53 and a 200-day moving average of $4.68.

TCW Strategic Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.0283 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Monday, June 15th.

Hedge Funds Weigh In On TCW Strategic Income Fund

A number of hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp acquired a new position in shares of TCW Strategic Income Fund in the first quarter worth approximately $36,000. Flatrock Wealth Partners LLC bought a new stake in TCW Strategic Income Fund in the first quarter valued at approximately $48,000. Focus Partners Wealth acquired a new stake in TCW Strategic Income Fund during the 1st quarter valued at approximately $50,000. Concurrent Investment Advisors LLC acquired a new stake in TCW Strategic Income Fund during the 4th quarter valued at approximately $51,000. Finally, Private Advisor Group LLC bought a new position in TCW Strategic Income Fund during the 3rd quarter worth approximately $68,000. 35.22% of the stock is currently owned by institutional investors.

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.