KKR Income Opportunities Fund (NYSE:KIO) Shares Pass Below 200 Day Moving Average – What’s Next?

KKR Income Opportunities Fund (NYSE:KIO) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.71 and traded as low as $10.68. KKR Income Opportunities Fund shares last traded at $10.9950, with a volume of 247,565 shares.

KKR Income Opportunities Fund Trading Down 1.4%

The firm has a 50-day moving average price of $11.34 and a 200 day moving average price of $11.71.

KKR Income Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be given a dividend of $0.1215 per share. This represents a c) dividend on an annualized basis and a yield of 13.5%. The ex-dividend date is Friday, June 12th.

Insider Activity at KKR Income Opportunities Fund

In other news, CFO Justin Takao sold 14,807 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $11.72, for a total value of $173,538.04. Following the completion of the sale, the chief financial officer directly owned 6,456 shares in the company, valued at approximately $75,664.32. The trade was a 69.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Hedge Funds Weigh In On KKR Income Opportunities Fund

Several institutional investors and hedge funds have recently made changes to their positions in KIO. Royal Bank of Canada lifted 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 worth $1,074,000 after purchasing an additional 6,007 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of KKR Income Opportunities Fund by 9.2% in the first quarter. NewEdge Advisors LLC now owns 45,466 shares of the investment management company’s stock worth $559,000 after buying an additional 3,844 shares during the period. Cetera Investment Advisers lifted its stake in shares of KKR Income Opportunities Fund by 15.6% in the 2nd quarter. Cetera Investment Advisers now owns 51,448 shares of the investment management company’s stock valued at $646,000 after acquiring an additional 6,925 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of KKR Income Opportunities Fund by 12.1% in the 2nd quarter. Baird Financial Group Inc. now owns 41,236 shares of the investment management company’s stock valued at $518,000 after acquiring an additional 4,450 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in KKR Income Opportunities Fund by 17.9% during the 2nd quarter. Raymond James Financial Inc. now owns 108,124 shares of the investment management company’s stock valued at $1,358,000 after acquiring an additional 16,378 shares during the period.

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.