KKR Income Opportunities Fund (NYSE:KIO) Stock Passes Below 200-Day Moving Average – Time to Sell?

KKR Income Opportunities Fund (NYSE:KIO)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.46 and traded as low as $11.21. KKR Income Opportunities Fund shares last traded at $11.2250, with a volume of 123,219 shares traded.

KKR Income Opportunities Fund Price Performance

The business’s 50-day moving average is $11.06 and its 200 day moving average is $11.46.

KKR Income Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be given a $0.1215 dividend. This represents a c) dividend on an annualized basis and a yield of 13.1%. The ex-dividend date is Friday, June 12th.

Hedge Funds Weigh In On KKR Income Opportunities Fund

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in 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 purchasing an additional 1,103 shares during the period. Blue Trust Inc. raised its position in KKR Income Opportunities Fund by 10,475.0% in the 4th 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 period. Kestra Advisory Services LLC purchased a new position in KKR Income Opportunities Fund in the 4th quarter worth $88,000. Anfield Capital Management LLC purchased a new position in KKR Income Opportunities Fund in the 3rd quarter worth $100,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in KKR Income Opportunities Fund in the 1st quarter worth $112,000.

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.