Short Interest in KKR Income Opportunities Fund (NYSE:KIO) Grows By 16.0%

KKR Income Opportunities Fund (NYSE:KIO) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 498,600 shares, a growth of 16.0% from the May 31st total of 430,000 shares. Based on an average daily volume of 107,200 shares, the days-to-cover ratio is currently 4.7 days.

Hedge Funds Weigh In On KKR Income Opportunities Fund

Several hedge funds have recently modified their holdings of the stock. Capital Investment Advisors LLC lifted its holdings in shares of KKR Income Opportunities Fund by 0.8% in the fourth quarter. Capital Investment Advisors LLC now owns 180,096 shares of the investment management company’s stock worth $2,264,000 after buying an additional 1,494 shares in the last quarter. Verity Asset Management Inc. lifted its holdings in shares of KKR Income Opportunities Fund by 8.2% in the third quarter. Verity Asset Management Inc. now owns 19,831 shares of the investment management company’s stock worth $237,000 after buying an additional 1,499 shares in the last quarter. Joseph P. Lucia & Associates LLC lifted its holdings in shares of KKR Income Opportunities Fund by 3.0% in the first quarter. Joseph P. Lucia & Associates LLC now owns 93,638 shares of the investment management company’s stock worth $1,268,000 after buying an additional 2,760 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in KKR Income Opportunities Fund by 4.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 104,321 shares of the investment management company’s stock worth $1,413,000 after purchasing an additional 4,496 shares during the last quarter. Finally, PFG Investments LLC bought a new stake in KKR Income Opportunities Fund in the first quarter worth $154,000.

KKR Income Opportunities Fund Price Performance

KIO stock opened at $13.68 on Wednesday. KKR Income Opportunities Fund has a one year low of $11.02 and a one year high of $13.77. The company’s fifty day moving average price is $13.47 and its 200-day moving average price is $13.16.

KKR Income Opportunities Fund Dividend Announcement

The business also recently announced a — dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.1215 dividend. This represents a dividend yield of 10.8%. The ex-dividend date is Friday, September 13th.

KKR Income Opportunities Fund Company Profile

KKR Income Opportunities Fund is a close ended fixed income mutual fund launched by Kohlberg Kravis Roberts & Co L.P. The fund is managed by KKR Asset Management LLC. It invests in fixed income markets and hedging markets across the globe. The fund primarily invests in first- and second-lien secured loans, unsecured loans and high yield corporate debt instruments.