TCW Strategic Income Fund (NYSE:TSI) Shares Cross Below 200 Day Moving Average – Here’s Why

TCW Strategic Income Fund, Inc. (NYSE:TSI)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.77 and traded as low as $4.53. TCW Strategic Income Fund shares last traded at $4.5450, with a volume of 106,916 shares changing hands.

TCW Strategic Income Fund Stock Performance

The stock’s 50-day moving average price is $4.58 and its 200-day moving average price is $4.77.

TCW Strategic Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a $0.0283 dividend. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

Insider Activity at TCW Strategic Income Fund

In other TCW Strategic Income Fund news, Director Peter Mcmillan acquired 50,000 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were purchased at an average cost of $4.64 per share, with a total value of $232,000.00. Following the purchase, the director owned 300,000 shares in the company, valued at approximately $1,392,000. The trade was a 20.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.23% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TSI. HighTower Advisors LLC increased its position in TCW Strategic Income Fund by 4.4% during the fourth quarter. HighTower Advisors LLC now owns 64,953 shares of the financial services provider’s stock worth $321,000 after buying an additional 2,757 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in TCW Strategic Income Fund by 16.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 25,372 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 3,546 shares during the period. Whipplewood Advisors LLC raised its holdings in TCW Strategic Income Fund by 2.7% in the 1st quarter. Whipplewood Advisors LLC now owns 165,778 shares of the financial services provider’s stock valued at $744,000 after acquiring an additional 4,344 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of TCW Strategic Income Fund by 13.6% during the 2nd 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. Finally, Intellus Advisors LLC boosted its holdings in shares of TCW Strategic Income Fund by 10.0% during the fourth quarter. Intellus Advisors LLC now owns 75,670 shares of the financial services provider’s stock worth $374,000 after purchasing an additional 6,874 shares during the last quarter. 35.22% of the stock is owned by hedge funds and other 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.