KKR Income Opportunities Fund (NYSE:KIO) Sees Significant Increase in Short Interest

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

KKR Income Opportunities Fund Price Performance

NYSE:KIO opened at $13.70 on Monday. The business’s fifty day moving average price is $13.46 and its 200 day moving average price is $13.14. KKR Income Opportunities Fund has a 12 month low of $11.02 and a 12 month high of $13.77.

KKR Income Opportunities Fund Dividend Announcement

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

Institutional Investors Weigh In On KKR Income Opportunities Fund

Several institutional investors have recently added to or reduced their stakes in KIO. Capital Investment Advisors LLC increased its stake in 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 valued at $2,264,000 after purchasing an additional 1,494 shares during the last quarter. Verity Asset Management Inc. grew its position in shares of KKR Income Opportunities Fund by 8.2% in the 3rd quarter. Verity Asset Management Inc. now owns 19,831 shares of the investment management company’s stock valued at $237,000 after buying an additional 1,499 shares during the last quarter. Joseph P. Lucia & Associates LLC raised its stake in KKR Income Opportunities Fund by 3.0% during the 1st quarter. Joseph P. Lucia & Associates LLC now owns 93,638 shares of the investment management company’s stock worth $1,268,000 after acquiring an additional 2,760 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in KKR Income Opportunities Fund by 4.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 104,321 shares of the investment management company’s stock worth $1,413,000 after acquiring an additional 4,496 shares in the last quarter. Finally, PFG Investments LLC purchased a new stake in KKR Income Opportunities Fund in the first quarter valued at $154,000.

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.