KKR Income Opportunities Fund (NYSE:KIO) Short Interest Down 76.4% in December

KKR Income Opportunities Fund (NYSE:KIO) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 28,079 shares, a drop of 76.4% from the December 15th total of 119,058 shares. Based on an average trading volume of 410,858 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 410,858 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On KKR Income Opportunities Fund

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its stake in KKR Income Opportunities Fund by 7.4% in the 1st quarter. Royal Bank of Canada now owns 87,365 shares of the investment management company’s stock valued at $1,074,000 after buying an additional 6,007 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of KKR Income Opportunities Fund by 9.2% during the first quarter. NewEdge Advisors LLC now owns 45,466 shares of the investment management company’s stock valued at $559,000 after acquiring an additional 3,844 shares during the last quarter. Strategic Advocates LLC lifted its holdings in KKR Income Opportunities Fund by 7.0% during the second quarter. Strategic Advocates LLC now owns 82,465 shares of the investment management company’s stock worth $1,036,000 after acquiring an additional 5,430 shares during the period. AdvisorNet Financial Inc lifted its holdings in KKR Income Opportunities Fund by 86.6% during the second quarter. AdvisorNet Financial Inc now owns 3,905 shares of the investment management company’s stock worth $49,000 after acquiring an additional 1,812 shares during the period. Finally, Apollon Wealth Management LLC boosted its position in KKR Income Opportunities Fund by 5.1% in the second quarter. Apollon Wealth Management LLC now owns 16,866 shares of the investment management company’s stock worth $212,000 after purchasing an additional 825 shares during the last quarter.

KKR Income Opportunities Fund Trading Up 0.0%

NYSE KIO traded up $0.01 during trading hours on Wednesday, hitting $11.73. 242,472 shares of the company’s stock were exchanged, compared to its average volume of 232,352. KKR Income Opportunities Fund has a 1-year low of $10.69 and a 1-year high of $13.41. The stock has a 50-day simple moving average of $11.67 and a 200 day simple moving average of $12.18.

KKR Income Opportunities Fund Dividend Announcement

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

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.