KKR Income Opportunities Fund (NYSE:KIO) Short Interest Update

KKR Income Opportunities Fund (NYSE:KIO) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 77,500 shares, a decrease of 91.2% from the February 13th total of 878,400 shares. Based on an average daily trading volume, of 222,500 shares, the short-interest ratio is presently 0.3 days.

KKR Income Opportunities Fund Price Performance

KKR Income Opportunities Fund stock traded up $0.07 during trading hours on Wednesday, reaching $12.28. The stock had a trading volume of 174,261 shares, compared to its average volume of 152,387. The company has a fifty day simple moving average of $12.87 and a 200-day simple moving average of $13.61. KKR Income Opportunities Fund has a 52 week low of $12.21 and a 52 week high of $15.09.

KKR Income Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.1215 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 11.87%.

Institutional Trading of KKR Income Opportunities Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Guggenheim Capital LLC lifted its position in shares of KKR Income Opportunities Fund by 7.0% in the 4th quarter. Guggenheim Capital LLC now owns 567,989 shares of the investment management company’s stock worth $7,600,000 after purchasing an additional 37,014 shares during the period. Penserra Capital Management LLC purchased a new position in shares of KKR Income Opportunities Fund during the third quarter valued at about $5,273,000. Bank of America Corp DE raised its stake in KKR Income Opportunities Fund by 3.1% in the fourth quarter. Bank of America Corp DE now owns 287,895 shares of the investment management company’s stock worth $3,852,000 after buying an additional 8,537 shares in the last quarter. Stifel Financial Corp lifted its holdings in KKR Income Opportunities Fund by 68.5% in the fourth quarter. Stifel Financial Corp now owns 182,559 shares of the investment management company’s stock worth $2,443,000 after buying an additional 74,217 shares during the period. Finally, Wells Fargo & Company MN boosted its position in KKR Income Opportunities Fund by 29.9% during the 4th quarter. Wells Fargo & Company MN now owns 163,325 shares of the investment management company’s stock valued at $2,185,000 after acquiring an additional 37,634 shares in the last quarter.

About KKR Income Opportunities Fund

KKR Income Opportunities Fund is a close ended fixed income mutual fund launched by Kohlberg Kravis Roberts & Co L.P. The fund is managed by KKR Asset Management LLC. It invests in fixed income markets and hedging markets across the globe. The fund primarily invests in first- and second-lien secured loans, unsecured loans and high yield corporate debt instruments.