KKR Income Opportunities Fund (NYSE:KIO) Sees Significant Increase in Short Interest

KKR Income Opportunities Fund (NYSE:KIO) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 146,629 shares, a growth of 143.2% from the January 29th total of 60,303 shares. Based on an average daily volume of 216,400 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 216,400 shares, the days-to-cover ratio is currently 0.7 days.

KKR Income Opportunities Fund Stock Performance

KKR Income Opportunities Fund stock opened at $11.53 on Friday. The stock’s fifty day moving average is $11.62 and its two-hundred day moving average is $11.96. KKR Income Opportunities Fund has a 1-year low of $10.69 and a 1-year high of $12.83.

KKR Income Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.1215 per share. This represents a c) annualized dividend and a dividend yield of 12.6%. The ex-dividend date of this dividend is Friday, March 13th.

Insider Activity

In related news, CFO Justin Takao sold 6,410 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $11.70, for a total transaction of $74,997.00. Following the completion of the transaction, the chief financial officer owned 46 shares in the company, valued at approximately $538.20. The trade was a 99.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hedge Funds Weigh In On KKR Income Opportunities Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KIO. Royal Bank of Canada increased its stake in KKR Income Opportunities Fund by 7.4% in the first quarter. Royal Bank of Canada now owns 87,365 shares of the investment management company’s stock valued at $1,074,000 after purchasing an additional 6,007 shares during the last quarter. NewEdge Advisors LLC raised its stake in KKR Income Opportunities Fund by 9.2% during the 1st quarter. NewEdge Advisors LLC now owns 45,466 shares of the investment management company’s stock worth $559,000 after acquiring an additional 3,844 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in KKR Income Opportunities Fund by 13.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 46,214 shares of the investment management company’s stock worth $580,000 after acquiring an additional 5,488 shares in the last quarter. Kovack Advisors Inc. lifted its position in KKR Income Opportunities Fund by 12.8% in the second quarter. Kovack Advisors Inc. now owns 111,315 shares of the investment management company’s stock valued at $1,398,000 after acquiring an additional 12,650 shares during the last quarter. Finally, Aviance Capital Partners LLC boosted its stake in KKR Income Opportunities Fund by 18.6% in the second quarter. Aviance Capital Partners LLC now owns 35,723 shares of the investment management company’s stock valued at $449,000 after acquiring an additional 5,604 shares in the last quarter.

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.