KKR Income Opportunities Fund (NYSE:KIO) Short Interest Update

KKR Income Opportunities Fund (NYSE:KIO) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 60,303 shares, a decrease of 51.8% from the January 15th total of 124,983 shares. Based on an average daily trading volume, of 296,801 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 296,801 shares, the days-to-cover ratio is currently 0.2 days.

Insider Buying and Selling

In other KKR Income Opportunities Fund news, CFO Justin Takao sold 14,807 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $11.72, for a total value of $173,538.04. Following the sale, the chief financial officer owned 6,456 shares in the company, valued at $75,664.32. This trade represents a 69.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Trading of KKR Income Opportunities Fund

Hedge funds have recently added to or reduced their stakes in the business. Apollon Wealth Management LLC increased its holdings in shares of KKR Income Opportunities Fund by 5.1% during the second quarter. Apollon Wealth Management LLC now owns 16,866 shares of the investment management company’s stock valued at $212,000 after acquiring an additional 825 shares in the last quarter. EverSource Wealth Advisors LLC increased 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 in the last quarter. Envestnet Asset Management Inc. increased its stake in KKR Income Opportunities Fund by 2.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 47,572 shares of the investment management company’s stock valued at $599,000 after purchasing an additional 1,358 shares in the last quarter. Aviance Capital Partners LLC raised its holdings in shares of KKR Income Opportunities Fund by 4.4% in the fourth quarter. Aviance Capital Partners LLC now owns 39,499 shares of the investment management company’s stock worth $458,000 after buying an additional 1,660 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of KKR Income Opportunities Fund by 4.5% during the second quarter. NewEdge Advisors LLC now owns 47,517 shares of the investment management company’s stock worth $597,000 after buying an additional 2,051 shares during the period.

KKR Income Opportunities Fund Trading Down 0.2%

KIO traded down $0.03 on Thursday, reaching $11.79. 109,830 shares of the company traded hands, compared to its average volume of 253,678. The firm has a fifty day simple moving average of $11.64 and a two-hundred day simple moving average of $12.05. KKR Income Opportunities Fund has a one year low of $10.69 and a one year high of $12.86.

KKR Income Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.1215 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 12.4%.

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.