KKR Income Opportunities Fund (NYSE:KIO) Shares Cross Below 200 Day Moving Average – Time to Sell?

KKR Income Opportunities Fund (NYSE:KIO)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.25 and traded as low as $11.01. KKR Income Opportunities Fund shares last traded at $11.0650, with a volume of 149,614 shares.

KKR Income Opportunities Fund Stock Up 1.2%

The stock has a 50 day simple moving average of $11.21 and a 200-day simple moving average of $11.25.

KKR Income Opportunities Fund Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Guggenheim Capital LLC grew its holdings in KKR Income Opportunities Fund by 5.3% during the 4th quarter. Guggenheim Capital LLC now owns 755,814 shares of the investment management company’s stock valued at $8,760,000 after purchasing an additional 37,860 shares during the last quarter. UBS Group AG raised its holdings in shares of KKR Income Opportunities Fund by 8.4% in the fourth quarter. UBS Group AG now owns 620,374 shares of the investment management company’s stock valued at $7,190,000 after acquiring an additional 48,255 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of KKR Income Opportunities Fund by 7.6% in the 4th quarter. Wells Fargo & Company MN now owns 571,104 shares of the investment management company’s stock valued at $6,619,000 after purchasing an additional 40,463 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in KKR Income Opportunities Fund by 4.3% in the first quarter. Janney Montgomery Scott LLC now owns 469,778 shares of the investment management company’s stock worth $5,168,000 after buying an additional 19,288 shares in the last quarter. Finally, Polar Asset Management Partners Inc. raised its position in shares of KKR Income Opportunities Fund by 1.9% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 424,203 shares of the investment management company’s stock worth $5,345,000 after acquiring an additional 8,052 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.