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

KKR Income Opportunities Fund (NYSE:KIO)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.08 and traded as low as $11.65. KKR Income Opportunities Fund shares last traded at $11.70, with a volume of 283,546 shares.

KKR Income Opportunities Fund Price Performance

The stock’s 50-day moving average is $11.63 and its 200 day moving average is $12.08.

KKR Income Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.1215 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 12.5%.

Institutional Investors Weigh In On KKR Income Opportunities Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of KIO. Penserra Capital Management LLC boosted its position in KKR Income Opportunities Fund by 213.5% during the third quarter. Penserra Capital Management LLC now owns 1,124,139 shares of the investment management company’s stock worth $14,164,000 after purchasing an additional 765,563 shares in the last quarter. Shaker Financial Services LLC boosted its position in shares of KKR Income Opportunities Fund by 428.1% in the 4th quarter. Shaker Financial Services LLC now owns 308,129 shares of the investment management company’s stock worth $3,571,000 after buying an additional 249,785 shares in the last quarter. Rareview Capital LLC acquired a new stake in KKR Income Opportunities Fund in the 2nd quarter valued at about $2,158,000. Wolverine Asset Management LLC purchased a new position in KKR Income Opportunities Fund during the 4th quarter valued at about $822,000. Finally, UBS Group AG raised its position in KKR Income Opportunities Fund by 8.4% during the fourth quarter. UBS Group AG now owns 620,374 shares of the investment management company’s stock worth $7,190,000 after acquiring an additional 48,255 shares during the last quarter.

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.