KKR Income Opportunities Fund (NYSE:KIO) Short Interest Up 345.1% in January

KKR Income Opportunities Fund (NYSE:KIO) was the recipient of a large increase in short interest during the month of 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.

KKR Income Opportunities Fund Price Performance

Shares of NYSE KIO opened at $11.54 on Wednesday. The business’s 50 day moving average is $11.61 and its two-hundred day moving average is $12.11. KKR Income Opportunities Fund has a 52-week low of $10.69 and a 52-week high of $12.98.

KKR Income Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid 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 yield of 12.6%.

Institutional Trading of KKR Income Opportunities Fund

Several hedge funds have recently made changes to their positions in the business. Blue Trust Inc. grew its holdings in shares of KKR Income Opportunities Fund by 10,475.0% in the fourth quarter. Blue Trust Inc. now owns 6,345 shares of the investment management company’s stock valued at $74,000 after purchasing an additional 6,285 shares in the last quarter. AdvisorNet Financial Inc increased 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 acquiring an additional 2,057 shares during the period. Anfield Capital Management LLC acquired a new stake in KKR Income Opportunities Fund in the 3rd quarter valued at about $100,000. Oppenheimer & Co. Inc. purchased a new position in shares of KKR Income Opportunities Fund in the 3rd quarter valued at about $148,000. Finally, Gilman Hill Asset Management LLC acquired a new position in shares of KKR Income Opportunities Fund during the third quarter worth about $167,000.

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.