KKR Income Opportunities Fund (NYSE:KIO) Short Interest Down 46.4% in August

KKR Income Opportunities Fund (NYSE:KIO) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 41,729 shares, a decline of 46.4% from the July 30th total of 77,887 shares. Based on an average daily volume of 197,818 shares, the short-interest ratio is presently 0.2 days.

KKR Income Opportunities Fund Stock Down 0.3%

Shares of NYSE:KIO traded down $0.03 on Friday, reaching $10.99. 197,981 shares of the company traded hands, compared to its average volume of 226,339. KKR Income Opportunities Fund has a 52 week low of $10.65 and a 52 week high of $12.76. The business’s 50-day simple moving average is $11.15 and its 200 day simple moving average is $11.19.

KKR Income Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be issued a $0.1215 dividend. This represents a c) dividend on an annualized basis and a yield of 13.3%. The ex-dividend date of this dividend is Friday, September 11th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake 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 during the period. Global Retirement Partners LLC purchased a new position in shares of KKR Income Opportunities Fund during the 2nd quarter valued at $42,000. Kestra Advisory Services LLC bought a new position in shares of KKR Income Opportunities Fund during the fourth quarter worth $88,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of KKR Income Opportunities Fund during the 1st quarter worth approximately $112,000. Finally, Marex Group plc bought a new position in shares of KKR Income Opportunities Fund in the 4th quarter valued at about $117,000.

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.