Short Interest in KKR Income Opportunities Fund (NYSE:KIO) Drops By 76.4%

KKR Income Opportunities Fund (NYSE:KIO) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 28,079 shares, a drop of 76.4% from the December 15th total of 119,058 shares. Based on an average daily volume of 410,858 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 410,858 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On KKR Income Opportunities Fund

Several large investors have recently bought and sold shares of KIO. Apollon Wealth Management LLC boosted its holdings in shares of KKR Income Opportunities Fund by 5.1% in 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. Envestnet Asset Management Inc. raised its holdings in KKR Income Opportunities Fund by 2.9% during the third quarter. Envestnet Asset Management Inc. now owns 47,572 shares of the investment management company’s stock worth $599,000 after purchasing an additional 1,358 shares in the last quarter. AdvisorNet Financial Inc lifted its position in KKR Income Opportunities Fund by 86.6% in the second quarter. AdvisorNet Financial Inc now owns 3,905 shares of the investment management company’s stock worth $49,000 after purchasing an additional 1,812 shares during the period. NewEdge Advisors LLC boosted its stake in KKR Income Opportunities Fund by 4.5% during the 2nd quarter. NewEdge Advisors LLC now owns 47,517 shares of the investment management company’s stock valued at $597,000 after purchasing an additional 2,051 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its stake in KKR Income Opportunities Fund by 15.2% during the 3rd quarter. Cresset Asset Management LLC now owns 15,938 shares of the investment management company’s stock valued at $201,000 after purchasing an additional 2,100 shares in the last quarter.

KKR Income Opportunities Fund Stock Performance

Shares of NYSE KIO traded down $0.02 during midday trading on Tuesday, hitting $11.71. 168,249 shares of the company’s stock were exchanged, compared to its average volume of 229,398. KKR Income Opportunities Fund has a twelve month low of $10.69 and a twelve month high of $13.43. The stock’s 50 day moving average price is $11.69 and its 200-day moving average price is $12.19.

KKR Income Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.1215 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a yield of 12.5%.

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.