TCW Strategic Income Fund, Inc. (NYSE:TSI) Short Interest Down 34.9% in April

TCW Strategic Income Fund, Inc. (NYSE:TSI) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 96,743 shares, a drop of 34.9% from the March 31st total of 148,668 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 68,918 shares, the short-interest ratio is currently 1.4 days.

Insiders Place Their Bets

In other TCW Strategic Income Fund news, Director Peter Mcmillan acquired 179,522 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was bought at an average price of $4.73 per share, with a total value of $849,139.06. Following the completion of the transaction, the director directly owned 200,000 shares of the company’s stock, valued at approximately $946,000. The trade was a 876.66% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased a total of 257,390 shares of company stock worth $1,212,712 over the last quarter. Company insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On TCW Strategic Income Fund

Several large investors have recently made changes to their positions in the business. Whipplewood Advisors LLC increased its position in shares of TCW Strategic Income Fund by 2.7% in the first quarter. Whipplewood Advisors LLC now owns 165,778 shares of the financial services provider’s stock worth $744,000 after acquiring an additional 4,344 shares in the last quarter. Flatrock Wealth Partners LLC acquired a new stake in TCW Strategic Income Fund during the 1st quarter valued at $48,000. Rareview Capital LLC acquired a new stake in TCW Strategic Income Fund during the 1st quarter valued at $75,000. Riverbridge Partners LLC grew its holdings in TCW Strategic Income Fund by 38.8% during the 1st quarter. Riverbridge Partners LLC now owns 290,073 shares of the financial services provider’s stock valued at $1,302,000 after purchasing an additional 81,081 shares in the last quarter. Finally, Uhlmann Price Securities LLC grew its holdings in TCW Strategic Income Fund by 41.8% during the 1st quarter. Uhlmann Price Securities LLC now owns 50,245 shares of the financial services provider’s stock valued at $226,000 after purchasing an additional 14,816 shares in the last quarter. Institutional investors and hedge funds own 35.22% of the company’s stock.

TCW Strategic Income Fund Price Performance

Shares of TCW Strategic Income Fund stock traded down $0.01 during trading hours on Thursday, hitting $4.57. The company’s stock had a trading volume of 147,931 shares, compared to its average volume of 76,917. TCW Strategic Income Fund has a 1-year low of $4.43 and a 1-year high of $5.06. The business has a fifty day moving average of $4.59 and a 200 day moving average of $4.79.

TCW Strategic Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be given a $0.0283 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This is an increase from TCW Strategic Income Fund’s previous monthly dividend of $0.02. This represents a c) annualized dividend and a dividend yield of 7.4%.

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.