KKR Income Opportunities Fund (NYSE:KIO) Sees Large Growth in Short Interest

KKR Income Opportunities Fund (NYSE:KIO) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 145,622 shares, an increase of 30.6% from the March 31st total of 111,526 shares. Based on an average daily trading volume, of 233,567 shares, the short-interest ratio is currently 0.6 days.

Insider Transactions at KKR Income Opportunities Fund

In other KKR Income Opportunities Fund news, CFO Justin Takao sold 14,807 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $11.72, for a total transaction of $173,538.04. Following the completion of the transaction, the chief financial officer 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 link.

Institutional Investors Weigh In On KKR Income Opportunities Fund

Several institutional investors have recently bought and sold shares of KIO. EverSource Wealth Advisors LLC lifted its holdings in KKR Income Opportunities Fund by 59.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,971 shares of the investment management company’s stock worth $34,000 after purchasing an additional 1,103 shares during the period. Blue Trust Inc. lifted its position in KKR Income Opportunities Fund by 10,475.0% in the fourth quarter. Blue Trust Inc. now owns 6,345 shares of the investment management company’s stock worth $74,000 after purchasing an additional 6,285 shares during the period. Kestra Advisory Services LLC acquired a new stake in KKR Income Opportunities Fund in the fourth quarter worth approximately $88,000. Anfield Capital Management LLC acquired a new stake in KKR Income Opportunities Fund in the third quarter worth approximately $100,000. Finally, Marex Group plc acquired a new stake in KKR Income Opportunities Fund in the fourth quarter worth approximately $117,000.

KKR Income Opportunities Fund Stock Performance

KIO stock traded up $0.04 during trading on Wednesday, hitting $11.20. The company had a trading volume of 196,467 shares, compared to its average volume of 269,408. The business has a 50 day moving average of $11.12 and a 200 day moving average of $11.50. KKR Income Opportunities Fund has a fifty-two week low of $10.65 and a fifty-two week high of $12.83.

KKR Income Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be issued a $0.1215 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a c) annualized dividend and a yield of 13.0%.

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.