TCW Strategic Income Fund, Inc. (NYSE:TSI) Short Interest Update

TCW Strategic Income Fund, Inc. (NYSE:TSI) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 58,196 shares, a growth of 129.0% from the June 15th total of 25,412 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 105,381 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On TCW Strategic Income Fund

Institutional investors have recently bought and sold shares of the stock. JP Wealth Management Inc. grew its holdings in TCW Strategic Income Fund by 7.7% during the fourth quarter. JP Wealth Management Inc. now owns 3,237,474 shares of the financial services provider’s stock valued at $15,993,000 after purchasing an additional 231,451 shares during the period. Diversified Management Inc. purchased a new position in shares of TCW Strategic Income Fund during the 4th quarter valued at about $5,002,000. Sit Investment Associates Inc. grew its stake in shares of TCW Strategic Income Fund by 8.1% during the 4th quarter. Sit Investment Associates Inc. now owns 10,208,852 shares of the financial services provider’s stock valued at $50,432,000 after acquiring an additional 766,863 shares during the period. Intellus Advisors LLC grew its stake in shares of TCW Strategic Income Fund by 10.0% during the 4th quarter. Intellus Advisors LLC now owns 75,670 shares of the financial services provider’s stock valued at $374,000 after acquiring an additional 6,874 shares during the period. Finally, Concurrent Investment Advisors LLC purchased a new stake in TCW Strategic Income Fund in the 4th quarter worth approximately $51,000. 35.22% of the stock is owned by institutional investors.

TCW Strategic Income Fund Stock Down 0.1%

TSI stock traded down $0.01 during midday trading on Thursday, reaching $4.43. 84,812 shares of the company’s stock traded hands, compared to its average volume of 164,143. TCW Strategic Income Fund has a 52-week low of $4.43 and a 52-week high of $5.06. The stock’s 50-day moving average is $4.50 and its 200 day moving average is $4.63.

TCW Strategic Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Thursday, July 16th will be given a dividend of $0.0283 per share. The ex-dividend date of this dividend is Thursday, July 16th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

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.