TCW Strategic Income Fund, Inc. (NYSE:TSI) Sees Large Increase in Short Interest

TCW Strategic Income Fund, Inc. (NYSE:TSI) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 34,778 shares, an increase of 49.3% from the July 30th total of 23,290 shares. Based on an average daily trading volume, of 191,742 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

TCW Strategic Income Fund Stock Up 0.1%

TCW Strategic Income Fund stock opened at $4.37 on Thursday. The business has a 50 day moving average price of $4.42 and a two-hundred day moving average price of $4.52. TCW Strategic Income Fund has a 12 month low of $4.33 and a 12 month high of $5.06.

TCW Strategic Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were issued a $0.0283 dividend. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Monday, August 17th.

Hedge Funds Weigh In On TCW Strategic Income Fund

Hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp acquired a new stake in shares of TCW Strategic Income Fund during the 1st quarter valued at about $36,000. Flatrock Wealth Partners LLC acquired a new position in TCW Strategic Income Fund in the first quarter worth about $48,000. Focus Partners Wealth acquired a new position in TCW Strategic Income Fund in the first quarter worth about $50,000. Concurrent Investment Advisors LLC bought a new position in TCW Strategic Income Fund during the fourth quarter worth about $51,000. Finally, Bank of America Corp DE bought a new position in TCW Strategic Income Fund during the second quarter worth about $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.