KKR Income Opportunities Fund (NYSE:KIO) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of KKR Income Opportunities Fund (NYSE:KIO) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.24 and traded as low as $11.20. KKR Income Opportunities Fund shares last traded at $11.2130, with a volume of 366,158 shares trading hands.

KKR Income Opportunities Fund Stock Performance

The company has a 50 day moving average of $11.20 and a 200 day moving average of $11.24.

KKR Income Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be paid a $0.1215 dividend. This represents a c) dividend on an annualized basis and a yield of 13.1%. The ex-dividend date of this dividend is Friday, September 11th.

Institutional Investors Weigh In On KKR Income Opportunities Fund

A number of hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its position 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 bought a new stake in KKR Income Opportunities Fund during the 2nd quarter worth approximately $42,000. Kestra Advisory Services LLC bought a new stake in KKR Income Opportunities Fund during the 4th quarter worth approximately $88,000. Allspring Global Investments Holdings LLC acquired a new stake in KKR Income Opportunities Fund during the 1st quarter worth approximately $112,000. Finally, Marex Group plc acquired a new stake in KKR Income Opportunities Fund during the 4th quarter worth approximately $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.