KKR Income Opportunities Fund (NYSE:KIO) Share Price Crosses Below 200-Day Moving Average – What’s Next?

KKR Income Opportunities Fund (NYSE:KIO)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.00 and traded as low as $13.11. KKR Income Opportunities Fund shares last traded at $13.27, with a volume of 139,411 shares trading hands.

KKR Income Opportunities Fund Trading Up 1.3 %

The firm’s fifty day moving average price is $13.58 and its two-hundred day moving average price is $14.00.

KKR Income Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be issued a dividend of $0.1215 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 10.99%. The ex-dividend date of this dividend is Friday, January 10th.

Institutional Trading of KKR Income Opportunities Fund

Several institutional investors have recently made changes to their positions in the company. Penserra Capital Management LLC bought a new position in shares of KKR Income Opportunities Fund in the third quarter valued at approximately $5,273,000. J.W. Cole Advisors Inc. purchased a new position in KKR Income Opportunities Fund in the third quarter worth $624,000. Stifel Financial Corp grew its stake in KKR Income Opportunities Fund by 46.8% in the 3rd quarter. Stifel Financial Corp now owns 108,342 shares of the investment management company’s stock valued at $1,599,000 after purchasing an additional 34,515 shares during the period. PFG Investments LLC purchased a new stake in shares of KKR Income Opportunities Fund during the 3rd quarter valued at $249,000. Finally, Plotkin Financial Advisors LLC bought a new stake in shares of KKR Income Opportunities Fund during the 3rd quarter worth $191,000.

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.