KKR Income Opportunities Fund (NYSE:KIO) Short Interest Up 143.2% in February

KKR Income Opportunities Fund (NYSE:KIO) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 146,629 shares, an increase of 143.2% from the January 29th total of 60,303 shares. Based on an average trading volume of 216,400 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 216,400 shares, the short-interest ratio is currently 0.7 days.

Insider Buying and Selling at KKR Income Opportunities Fund

In related news, CFO Justin Takao sold 14,807 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $11.72, for a total transaction of $173,538.04. Following the transaction, the chief financial officer directly owned 6,456 shares of the company’s stock, valued at approximately $75,664.32. The trade was a 69.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Investors Weigh In On KKR Income Opportunities Fund

Several institutional investors have recently made changes to their positions in KIO. XTX Topco Ltd acquired a new stake in KKR Income Opportunities Fund during the fourth quarter worth approximately $159,000. Rivernorth Capital Management LLC bought a new stake in shares of KKR Income Opportunities Fund during the 4th quarter valued at $1,061,000. Balyasny Asset Management L.P. acquired a new stake in shares of KKR Income Opportunities Fund during the 4th quarter worth $3,512,000. Guggenheim Capital LLC grew its holdings in shares of KKR Income Opportunities Fund by 5.3% during the 4th quarter. Guggenheim Capital LLC now owns 755,814 shares of the investment management company’s stock worth $8,760,000 after purchasing an additional 37,860 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of KKR Income Opportunities Fund by 17.3% in the fourth quarter. Cetera Investment Advisers now owns 91,840 shares of the investment management company’s stock worth $1,064,000 after purchasing an additional 13,567 shares during the period.

KKR Income Opportunities Fund Stock Performance

KIO traded down $0.07 during trading on Friday, hitting $11.47. The stock had a trading volume of 266,227 shares, compared to its average volume of 262,074. The company has a 50 day moving average price of $11.62 and a 200-day moving average price of $11.95. KKR Income Opportunities Fund has a one year low of $10.69 and a one year high of $12.83.

KKR Income Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.1215 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 12.7%.

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.