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

KKR Income Opportunities Fund (NYSE:KIO) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totalling 814,400 shares, a decrease of 12.2% from the September 15th total of 927,800 shares. Based on an average daily trading volume, of 121,300 shares, the days-to-cover ratio is presently 6.7 days.

KKR Income Opportunities Fund Stock Up 0.2 %

Shares of NYSE KIO traded up $0.03 during mid-day trading on Wednesday, hitting $14.57. 106,720 shares of the company’s stock traded hands, compared to its average volume of 123,398. The company’s 50-day moving average is $14.54 and its two-hundred day moving average is $13.92. KKR Income Opportunities Fund has a 1 year low of $11.02 and a 1 year high of $15.09.

KKR Income Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.1215 per share. This represents a $1.46 annualized dividend and a dividend yield of 10.01%. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Trading of KKR Income Opportunities Fund

Several hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. raised its position in KKR Income Opportunities Fund by 17.3% in the 1st quarter. Advisors Asset Management Inc. now owns 442,350 shares of the investment management company’s stock worth $5,989,000 after purchasing an additional 65,197 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in KKR Income Opportunities Fund by 7.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 112,377 shares of the investment management company’s stock worth $1,540,000 after purchasing an additional 8,056 shares during the period. Joseph P. Lucia & Associates LLC raised its position in KKR Income Opportunities Fund by 2.8% in the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 96,280 shares of the investment management company’s stock worth $1,319,000 after purchasing an additional 2,642 shares during the period. Simplicity Wealth LLC purchased a new stake in KKR Income Opportunities Fund in the 2nd quarter worth about $1,029,000. Finally, Cetera Advisors LLC purchased a new stake in KKR Income Opportunities Fund in the 1st quarter worth about $574,000.

About KKR Income Opportunities Fund

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.