KKR Income Opportunities Fund (NYSE:KIO) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

KKR Income Opportunities Fund (NYSE:KIO)’s share price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $11.73 and traded as low as $11.58. KKR Income Opportunities Fund shares last traded at $11.5950, with a volume of 249,646 shares.

KKR Income Opportunities Fund Price Performance

The business has a 50-day moving average price of $11.73 and a 200-day moving average price of $12.21.

Institutional Trading of KKR Income Opportunities Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Penserra Capital Management LLC boosted its position in shares of KKR Income Opportunities Fund by 213.5% during the 3rd quarter. Penserra Capital Management LLC now owns 1,124,139 shares of the investment management company’s stock valued at $14,164,000 after acquiring an additional 765,563 shares during the last quarter. Polar Asset Management Partners Inc. boosted its holdings in KKR Income Opportunities Fund by 1.9% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 424,203 shares of the investment management company’s stock valued at $5,345,000 after purchasing an additional 8,052 shares during the last quarter. Bank of America Corp DE grew its stake in shares of KKR Income Opportunities Fund by 5.3% in the 2nd quarter. Bank of America Corp DE now owns 340,398 shares of the investment management company’s stock valued at $4,275,000 after buying an additional 17,001 shares during the period. Rareview Capital LLC acquired a new stake in shares of KKR Income Opportunities Fund during the 2nd quarter worth approximately $2,158,000. Finally, Raymond James Financial Inc. raised its position in shares of KKR Income Opportunities Fund by 22.0% during the 3rd quarter. Raymond James Financial Inc. now owns 131,936 shares of the investment management company’s stock valued at $1,662,000 after buying an additional 23,812 shares during the period.

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.