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

Key Points

• Short interest increased 49.3% to 34,778 shares as of August 14, though that represents only 0.1% of outstanding shares and 0.2 days of average trading volume to cover.
• Several institutional investors, including Fifth Third Bancorp and Focus Partners Wealth, recently established positions in TSI; institutional ownership stands at 35.22%.
• TSI traded down 0.3% to $4.37, near its 52-week low, while the fund continued its monthly dividend of $0.0283 per share, equating to an annualized 7.8% yield.

TCW Strategic Income Fund, Inc. (NYSE:TSI - Get Free Report) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 34,778 shares, a growth 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 company's stock are sold short.

Hedge Funds Weigh In On TCW Strategic Income Fund

Several large investors have recently modified their holdings of the stock. Fifth Third Bancorp acquired a new position in TCW Strategic Income Fund in the first quarter worth about $36,000. Focus Partners Wealth acquired a new position in shares of TCW Strategic Income Fund in the 1st quarter worth approximately $50,000. Concurrent Investment Advisors LLC bought a new stake in shares of TCW Strategic Income Fund in the 4th quarter valued at approximately $51,000. Flatrock Wealth Partners LLC acquired a new stake in shares of TCW Strategic Income Fund during the 1st quarter valued at approximately $48,000. Finally, Private Advisor Group LLC bought a new position in TCW Strategic Income Fund during the third quarter worth $68,000. Institutional investors own 35.22% of the company's stock.

TCW Strategic Income Fund Trading Down 0.3%

TSI traded down $0.01 during trading on Tuesday, hitting $4.37. The company had a trading volume of 51,755 shares, compared to its average volume of 163,426. TCW Strategic Income Fund has a 1-year low of $4.36 and a 1-year high of $5.06. The business has a 50-day moving average of $4.43 and a 200-day moving average of $4.52.

TCW Strategic Income Fund Announces Dividend

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

TCW Strategic Income Fund Company Profile

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.

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