KKR Income Opportunities Fund (NYSE:KIO) Short Interest Up 143.2% in February

KKR Income Opportunities Fund (NYSE:KIO) saw a significant 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 short-interest ratio is presently 0.7 days. Based on an average daily volume of 216,400 shares, the short-interest ratio is presently 0.7 days.

KKR Income Opportunities Fund Price Performance

KIO opened at $11.53 on Friday. The stock’s 50-day moving average price is $11.62 and its 200 day moving average price is $11.96. KKR Income Opportunities Fund has a 12-month low of $10.69 and a 12-month high of $12.83.

KKR Income Opportunities Fund Announces Dividend

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

Insider Activity at KKR Income Opportunities Fund

In other news, CFO Justin Takao sold 14,807 shares of KKR Income Opportunities Fund stock in a transaction on Tuesday, February 3rd. The stock was 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 of the company’s stock, valued at approximately $75,664.32. The trade was a 69.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Institutional Investors Weigh In On KKR Income Opportunities Fund

Several large investors have recently added to or reduced their stakes in KIO. Penserra Capital Management LLC boosted its position in KKR Income Opportunities Fund by 213.5% in the 3rd quarter. Penserra Capital Management LLC now owns 1,124,139 shares of the investment management company’s stock valued at $14,164,000 after buying an additional 765,563 shares during the period. Guggenheim Capital LLC boosted its holdings in KKR Income Opportunities Fund by 5.3% in the fourth 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 period. UBS Group AG boosted its holdings in 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 purchasing an additional 48,255 shares during the period. Wells Fargo & Company MN grew its stake in KKR Income Opportunities Fund by 7.6% during the 4th quarter. Wells Fargo & Company MN now owns 571,104 shares of the investment management company’s stock worth $6,619,000 after purchasing an additional 40,463 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in KKR Income Opportunities Fund by 1.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 450,490 shares of the investment management company’s stock worth $5,221,000 after purchasing an additional 5,128 shares in the last quarter.

KKR Income Opportunities Fund Company Profile

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.