Short Interest in KKR Income Opportunities Fund (NYSE:KIO) Grows By 30.6%

KKR Income Opportunities Fund (NYSE:KIO) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totaling 145,622 shares, an increase of 30.6% from the March 31st total of 111,526 shares. Based on an average daily trading volume, of 233,567 shares, the short-interest ratio is presently 0.6 days.

Insider Transactions at KKR Income Opportunities Fund

In other KKR Income Opportunities Fund news, CFO Justin Takao sold 6,410 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $11.70, for a total transaction of $74,997.00. Following the transaction, the chief financial officer owned 46 shares in the company, valued at $538.20. The trade was a 99.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On KKR Income Opportunities Fund

A number of hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its position 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 valued at $34,000 after purchasing an additional 1,103 shares in the last quarter. Blue Trust Inc. grew its position in shares of KKR Income Opportunities Fund by 10,475.0% during the fourth quarter. Blue Trust Inc. now owns 6,345 shares of the investment management company’s stock worth $74,000 after buying an additional 6,285 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of KKR Income Opportunities Fund during the fourth quarter worth approximately $88,000. Anfield Capital Management LLC bought a new stake in shares of KKR Income Opportunities Fund in the third quarter worth $100,000. Finally, Marex Group plc bought a new stake in shares of KKR Income Opportunities Fund in the fourth quarter worth $117,000.

KKR Income Opportunities Fund Price Performance

Shares of KIO stock traded up $0.04 on Friday, hitting $11.38. The stock had a trading volume of 79,851 shares, compared to its average volume of 266,558. The stock’s 50 day moving average is $11.10 and its 200-day moving average is $11.50. KKR Income Opportunities Fund has a 52-week low of $10.65 and a 52-week high of $12.83.

KKR Income Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th will be given a dividend of $0.1215 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend is Friday, June 12th.

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.