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

KKR Income Opportunities Fund (NYSE:KIO)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.43 and traded as low as $11.20. KKR Income Opportunities Fund shares last traded at $11.2550, with a volume of 101,225 shares.

KKR Income Opportunities Fund Trading Down 0.0%

The company has a fifty day moving average of $11.06 and a 200 day moving average of $11.43.

KKR Income Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be issued a dividend of $0.1215 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a c) annualized dividend and a yield of 13.0%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in KKR Income Opportunities Fund by 59.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,971 shares of the investment management company’s stock worth $34,000 after buying an additional 1,103 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of KKR Income Opportunities Fund by 10,475.0% during the 4th quarter. Blue Trust Inc. now owns 6,345 shares of the investment management company’s stock worth $74,000 after acquiring an additional 6,285 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of KKR Income Opportunities Fund during the 4th quarter worth $88,000. Anfield Capital Management LLC bought a new stake in shares of KKR Income Opportunities Fund during the 3rd quarter worth $100,000. Finally, Marex Group plc bought a new stake in shares of KKR Income Opportunities Fund during the 4th quarter worth $117,000.

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.