KKR Income Opportunities Fund (NYSE:KIO) Short Interest Down 51.2% in February

KKR Income Opportunities Fund (NYSE:KIO) was the recipient of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 878,400 shares, a decrease of 51.2% from the January 31st total of 1,800,000 shares. Based on an average daily trading volume, of 196,200 shares, the days-to-cover ratio is presently 4.5 days.

Institutional Trading of KKR Income Opportunities Fund

Several hedge funds have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC grew its stake in shares of KKR Income Opportunities Fund by 3.3% in the fourth quarter. SeaCrest Wealth Management LLC now owns 24,297 shares of the investment management company’s stock worth $325,000 after purchasing an additional 765 shares in the last quarter. Stephens Inc. AR grew its position in KKR Income Opportunities Fund by 3.9% in the 4th quarter. Stephens Inc. AR now owns 26,852 shares of the investment management company’s stock valued at $359,000 after buying an additional 1,000 shares in the last quarter. Comerica Bank increased its stake in KKR Income Opportunities Fund by 3.7% during the 4th quarter. Comerica Bank now owns 39,272 shares of the investment management company’s stock valued at $525,000 after buying an additional 1,388 shares during the period. NewEdge Advisors LLC raised its position in shares of KKR Income Opportunities Fund by 4.7% during the 4th quarter. NewEdge Advisors LLC now owns 41,622 shares of the investment management company’s stock worth $557,000 after buying an additional 1,885 shares in the last quarter. Finally, Verity Asset Management Inc. lifted its stake in shares of KKR Income Opportunities Fund by 16.6% in the 4th quarter. Verity Asset Management Inc. now owns 17,522 shares of the investment management company’s stock worth $234,000 after acquiring an additional 2,492 shares during the period.

KKR Income Opportunities Fund Price Performance

KIO traded down $0.01 on Friday, hitting $12.42. 381,536 shares of the company’s stock were exchanged, compared to its average volume of 253,852. The stock has a fifty day moving average of $13.00 and a two-hundred day moving average of $13.71. KKR Income Opportunities Fund has a twelve month low of $12.38 and a twelve month high of $15.09.

KKR Income Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.1215 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 11.74%.

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.