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

TCW Strategic Income Fund, Inc. (NYSE:TSI) saw a large increase in short interest during the month of 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 currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

TCW Strategic Income Fund Trading Down 0.3%

Shares of NYSE TSI traded down $0.01 during midday trading on Tuesday, hitting $4.37. The company’s stock 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 firm’s fifty day moving average price is $4.43 and its 200-day moving average price is $4.52.

TCW Strategic Income Fund Dividend Announcement

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

Hedge Funds Weigh In On TCW Strategic Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of TSI. Readystate Asset Management LP acquired a new stake in shares of TCW Strategic Income Fund during the 2nd quarter worth approximately $115,000. Rareview Capital LLC boosted its position in TCW Strategic Income Fund by 1,911.9% during the 2nd quarter. Rareview Capital LLC now owns 307,541 shares of the financial services provider’s stock valued at $1,501,000 after purchasing an additional 292,255 shares during the period. Susquehanna International Group LLP boosted its position in TCW Strategic Income Fund by 60.4% during the 2nd quarter. Susquehanna International Group LLP now owns 26,388 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 9,936 shares during the period. Beacon Pointe Advisors LLC bought a new position in TCW Strategic Income Fund during the 2nd quarter worth $106,000. Finally, Bank of America Corp DE bought a new position in TCW Strategic Income Fund during the 2nd quarter worth $68,000. 35.22% of the stock is currently owned by institutional investors and hedge funds.

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.