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

KKR Income Opportunities Fund (NYSE:KIO) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 41,729 shares, a decrease of 46.4% from the July 30th total of 77,887 shares. Based on an average daily volume of 197,818 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of KKR Income Opportunities Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in KIO. CoreCap Advisors LLC grew its holdings in KKR Income Opportunities Fund by 2,491.1% in the 2nd quarter. CoreCap Advisors LLC now owns 10,520 shares of the investment management company’s stock valued at $118,000 after buying an additional 10,114 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of KKR Income Opportunities Fund by 5.0% in the 1st quarter. Cetera Investment Advisers now owns 96,405 shares of the investment management company’s stock valued at $1,060,000 after buying an additional 4,565 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of KKR Income Opportunities Fund in the 1st quarter valued at approximately $112,000. Fifth Third Bancorp purchased a new stake in shares of KKR Income Opportunities Fund during the 1st quarter valued at approximately $438,000. Finally, Rareview Capital LLC raised its position in shares of KKR Income Opportunities Fund by 20.6% during the 1st quarter. Rareview Capital LLC now owns 180,612 shares of the investment management company’s stock valued at $1,987,000 after buying an additional 30,803 shares during the period.

KKR Income Opportunities Fund Stock Performance

Shares of KKR Income Opportunities Fund stock traded down $0.03 during midday trading on Friday, hitting $10.99. The company had a trading volume of 197,981 shares, compared to its average volume of 226,339. The company has a fifty day simple moving average of $11.15 and a 200 day simple moving average of $11.19. KKR Income Opportunities Fund has a 12-month low of $10.65 and a 12-month high of $12.76.

KKR Income Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be issued a $0.1215 dividend. This represents a c) annualized dividend and a yield of 13.3%. The ex-dividend date is Friday, September 11th.

KKR Income Opportunities Fund Company Profile

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.