KKR Income Opportunities Fund (NYSE:KIO) Shares Pass Below 200-Day Moving Average – Here’s Why

KKR Income Opportunities Fund (NYSE:KIO) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.01 and traded as low as $11.54. KKR Income Opportunities Fund shares last traded at $11.57, with a volume of 191,183 shares traded.

KKR Income Opportunities Fund Price Performance

The firm has a 50-day simple moving average of $11.63 and a 200-day simple moving average of $12.01.

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 issued a $0.1215 dividend. This represents a c) annualized dividend and a yield of 12.6%. The ex-dividend date of this dividend is Friday, March 13th.

Insider Activity at KKR Income Opportunities Fund

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KIO. EverSource Wealth Advisors LLC lifted its holdings in shares of KKR Income Opportunities Fund by 59.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,971 shares of the investment management company’s stock worth $34,000 after acquiring an additional 1,103 shares during the last quarter. Blue Trust Inc. lifted its stake in 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 worth $74,000 after purchasing an additional 6,285 shares during the last quarter. AdvisorNet Financial Inc boosted 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 valued at $75,000 after buying an additional 2,057 shares during the period. Kestra Advisory Services LLC bought a new position in shares of KKR Income Opportunities Fund during the fourth quarter valued at approximately $88,000. Finally, Anfield Capital Management LLC purchased a new stake in shares of KKR Income Opportunities Fund in the third quarter worth approximately $100,000.

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.