KKR Income Opportunities Fund (NYSE:KIO) Sees Significant Growth in Short Interest

KKR Income Opportunities Fund (NYSE:KIO) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 124,983 shares, an increase of 345.1% from the December 31st total of 28,079 shares. Based on an average trading volume of 242,235 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 242,235 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of KKR Income Opportunities Fund

Large investors have recently modified their holdings of the stock. Apollon Wealth Management LLC boosted its holdings in KKR Income Opportunities Fund by 5.1% in the second quarter. Apollon Wealth Management LLC now owns 16,866 shares of the investment management company’s stock valued at $212,000 after purchasing an additional 825 shares during the period. Envestnet Asset Management Inc. raised its position in KKR Income Opportunities Fund by 2.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 47,572 shares of the investment management company’s stock valued at $599,000 after purchasing an additional 1,358 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of KKR Income Opportunities Fund by 4.5% in the 2nd quarter. NewEdge Advisors LLC now owns 47,517 shares of the investment management company’s stock valued at $597,000 after buying an additional 2,051 shares during the period. AdvisorNet Financial Inc grew its position in shares of KKR Income Opportunities Fund by 52.7% during the third quarter. AdvisorNet Financial Inc now owns 5,962 shares of the investment management company’s stock worth $75,000 after buying an additional 2,057 shares in the last quarter. Finally, Cresset Asset Management LLC increased its stake in shares of KKR Income Opportunities Fund by 15.2% during the third quarter. Cresset Asset Management LLC now owns 15,938 shares of the investment management company’s stock worth $201,000 after buying an additional 2,100 shares during the period.

KKR Income Opportunities Fund Stock Down 0.0%

Shares of KIO traded down $0.01 during mid-day trading on Thursday, hitting $11.56. 286,238 shares of the company’s stock were exchanged, compared to its average volume of 268,276. The stock’s 50-day moving average is $11.62 and its 200-day moving average is $12.10. KKR Income Opportunities Fund has a fifty-two week low of $10.69 and a fifty-two week high of $12.98.

KKR Income Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a $0.1215 dividend. This represents a c) annualized dividend and a yield of 12.6%. The ex-dividend date of this dividend is Friday, March 13th.

About KKR Income Opportunities Fund

KKR Income Opportunities Fund (NYSE: KIO) is a diversified, closed-end management investment company that seeks to provide attractive current income and capital appreciation by investing primarily in corporate credit instruments. Managed by KKR Income Opportunities Advisors, LLC, the fund leverages the global credit platform of KKR & Co Inc, deploying capital across a broad spectrum of debt securities—including broadly syndicated loans, high-yield bonds, convertible bonds, private credit, and other credit-related instruments.

Since its initial public offering in June 2018, the fund has pursued a flexible, research-driven strategy designed to capture opportunities across credit markets.