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

TCW Strategic Income Fund, Inc. (NYSE:TSI) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 27,272 shares, a drop of 66.2% from the May 14th total of 80,794 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 91,021 shares, the short-interest ratio is currently 0.3 days.

TCW Strategic Income Fund Trading Up 0.9%

TSI stock traded up $0.04 during midday trading on Friday, reaching $4.53. The stock had a trading volume of 116,527 shares, compared to its average volume of 100,475. The company’s fifty day simple moving average is $4.54 and its 200 day simple moving average is $4.71. TCW Strategic Income Fund has a 52-week low of $4.43 and a 52-week high of $5.06.

TCW Strategic Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.0283 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Monday, June 15th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. JP Wealth Management Inc. raised its holdings in shares of TCW Strategic Income Fund by 7.7% during the 4th quarter. JP Wealth Management Inc. now owns 3,237,474 shares of the financial services provider’s stock worth $15,993,000 after acquiring 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 worth $5,002,000. Sit Investment Associates Inc. raised its holdings 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 worth $50,432,000 after acquiring an additional 766,863 shares during the period. Riverbridge Partners LLC raised its holdings in shares of TCW Strategic Income Fund by 19.9% during the 4th quarter. Riverbridge Partners LLC now owns 208,992 shares of the financial services provider’s stock worth $1,032,000 after acquiring an additional 34,639 shares during the period. Finally, Intellus Advisors LLC raised its holdings in shares of TCW Strategic Income Fund by 38.3% during the 3rd quarter. Intellus Advisors LLC now owns 68,796 shares of the financial services provider’s stock worth $338,000 after acquiring an additional 19,042 shares during the period. Hedge funds and other institutional investors 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.