TCW Strategic Income Fund (NYSE:TSI) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Shares of 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 trading hands.

TCW Strategic Income Fund Stock Up 0.2%

The stock’s fifty day simple moving average is $4.52 and its 200-day simple moving average is $4.68.

TCW Strategic Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 of this dividend is Monday, June 15th.

Institutional Trading of TCW Strategic Income Fund

Hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp acquired a new position in TCW Strategic Income Fund in the 1st quarter valued at $36,000. Flatrock Wealth Partners LLC purchased a new stake in shares of TCW Strategic Income Fund in the first quarter valued at $48,000. Focus Partners Wealth purchased a new stake in shares of TCW Strategic Income Fund in the first quarter valued at $50,000. Concurrent Investment Advisors LLC acquired a new position in TCW Strategic Income Fund in the fourth quarter valued at $51,000. Finally, Private Advisor Group LLC acquired a new position in TCW Strategic Income Fund in the third quarter valued at $68,000. Institutional investors and hedge funds 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.