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

KKR Income Opportunities Fund (NYSE:KIO) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 60,303 shares, a decline of 51.8% from the January 15th total of 124,983 shares. Based on an average daily volume of 296,801 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 296,801 shares, the days-to-cover ratio is presently 0.2 days.

Insider Buying and Selling at KKR Income Opportunities Fund

In related news, CFO Justin Takao sold 6,410 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $11.70, for a total value of $74,997.00. Following the completion of the transaction, the chief financial officer directly owned 46 shares of the company’s stock, valued at $538.20. This represents a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Institutional Investors Weigh In On KKR Income Opportunities Fund

A number of large investors have recently made changes to their positions in KIO. EverSource Wealth Advisors LLC boosted its holdings 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 buying an additional 1,103 shares during the period. Blue Trust Inc. boosted its stake in KKR Income Opportunities Fund by 10,475.0% during the fourth quarter. Blue Trust Inc. now owns 6,345 shares of the investment management company’s stock valued at $74,000 after buying an additional 6,285 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in shares of KKR Income Opportunities Fund by 52.7% in the third quarter. AdvisorNet Financial Inc now owns 5,962 shares of the investment management company’s stock valued at $75,000 after purchasing an additional 2,057 shares in the last quarter. Anfield Capital Management LLC purchased a new position in shares of KKR Income Opportunities Fund in the 3rd quarter worth $100,000. Finally, Marex Group plc purchased a new stake in KKR Income Opportunities Fund during the fourth quarter valued at approximately $117,000.

KKR Income Opportunities Fund Trading Down 0.2%

KIO stock traded down $0.03 on Thursday, hitting $11.79. The company had a trading volume of 109,830 shares, compared to its average volume of 253,678. KKR Income Opportunities Fund has a 12-month low of $10.69 and a 12-month high of $12.86. The stock’s 50-day simple moving average is $11.64 and its 200 day simple moving average is $12.05.

KKR Income Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.1215 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 12.4%.

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.