Short Interest in KKR Income Opportunities Fund (NYSE:KIO) Declines By 46.4%

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

KKR Income Opportunities Fund Trading Up 0.3%

Shares of NYSE:KIO traded up $0.03 during trading on Monday, reaching $11.03. The stock had a trading volume of 122,694 shares, compared to its average volume of 225,714. The stock has a fifty day simple moving average of $11.15 and a two-hundred day simple moving average of $11.19. KKR Income Opportunities Fund has a 52 week low of $10.65 and a 52 week high of $12.76.

KKR Income Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be paid a $0.1215 dividend. The ex-dividend date is Friday, September 11th. This represents a c) dividend on an annualized basis and a yield of 13.2%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in KKR Income Opportunities Fund by 59.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,971 shares of the investment management company’s stock valued at $34,000 after purchasing an additional 1,103 shares during the period. Global Retirement Partners LLC bought a new position in KKR Income Opportunities Fund in the 2nd quarter worth approximately $42,000. Kestra Advisory Services LLC acquired a new position in shares of KKR Income Opportunities Fund during the fourth quarter worth approximately $88,000. Allspring Global Investments Holdings LLC acquired a new position in shares of KKR Income Opportunities Fund during the first quarter worth approximately $112,000. Finally, Marex Group plc bought a new stake in shares of KKR Income Opportunities Fund in the fourth quarter valued at approximately $117,000.

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.