KKR Income Opportunities Fund (NYSE:KIO) Short Interest Update

by · The Cerbat Gem

KKR Income Opportunities Fund (NYSE:KIO – Get Free Report) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 228,555 shares, a growth of 545.1% from the August 31st total of 35,429 shares. Based on an average trading volume of 207,722 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On KKR Income Opportunities Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new stake in shares of KKR Income Opportunities Fund during the second quarter worth about $3,919,000. Joseph P. Lucia & Associates LLC acquired a new stake in KKR Income Opportunities Fund during the 2nd quarter valued at approximately $1,126,000. PFG Investments LLC acquired a new stake in KKR Income Opportunities Fund during the 1st quarter valued at approximately $487,000. Fifth Third Bancorp purchased a new stake in KKR Income Opportunities Fund during the 1st quarter worth approximately $438,000. Finally, Rareview Capital LLC increased its holdings in KKR Income Opportunities Fund by 20.6% during the 1st quarter. Rareview Capital LLC now owns 180,612 shares of the investment management company’s stock worth $1,987,000 after purchasing an additional 30,803 shares during the last quarter.

KKR Income Opportunities Fund Trading Up 1.3%

Shares of NYSE KIO traded up $0.14 during trading on Friday, reaching $10.44. 201,471 shares of the stock were exchanged, compared to its average volume of 223,434. The business’s 50-day moving average price is $10.96 and its 200 day moving average price is $11.09. KKR Income Opportunities Fund has a twelve month low of $10.30 and a twelve month high of $12.68.

KKR Income Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 30th. Investors of record on Friday, December 11th will be paid a dividend of $0.1215 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.46 annualized dividend and a yield of 14.0%.

About KKR Income Opportunities Fund

(Get Free Report)

KKR Income Opportunities Fund is a publicly traded, closed-end investment fund managed by an affiliate of KKR & Co Inc The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in income-producing debt securities and other credit-related investments.

The fund’s portfolio may include senior secured loans, high-yield corporate bonds, structured credit, emerging-market debt and other fixed-income instruments. These investments generally span a range of industries, credit qualities and maturities, and may include both fixed-rate and floating-rate securities.

KKR Income Opportunities Fund began operations in 2011 and is advised by KKR Credit Advisors (US) LLC, an affiliate of KKR’s global credit platform.

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