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

TCW Strategic Income Fund, Inc. (NYSE:TSI) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $4.44 and traded as low as $4.15. TCW Strategic Income Fund shares last traded at $4.1940, with a volume of 260,167 shares traded.

TCW Strategic Income Fund Price Performance

The business has a 50 day moving average price of $4.32 and a two-hundred day moving average price of $4.44.

TCW Strategic Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be issued a $0.0283 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $0.34 dividend on an annualized basis and a yield of 8.1%.

Institutional Investors Weigh In On TCW Strategic Income Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp bought a new stake in shares of TCW Strategic Income Fund during the first quarter valued at approximately $36,000. Flatrock Wealth Partners LLC bought a new position in shares of TCW Strategic Income Fund during the first quarter worth $48,000. Bank of America Corp DE bought a new position in shares of TCW Strategic Income Fund during the second quarter worth $68,000. Sanctuary Advisors LLC bought a new position in shares of TCW Strategic Income Fund during the second quarter worth $73,000. Finally, Rareview Capital LLC bought a new position in shares of TCW Strategic Income Fund during the first quarter worth $75,000. 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 closed-end management investment company advised by TCW Investment Management Company. The fund seeks to provide a high level of current income while also pursuing long-term total return through active management of a diversified fixed-income portfolio.

Its investments may include below-investment-grade and other high-yield corporate bonds, emerging-market debt, bank loans, mortgage- and asset-backed securities, and other domestic and international fixed-income instruments.