KKR Income Opportunities Fund (NYSE:KIO) Short Interest Up 30.6% in April

KKR Income Opportunities Fund (NYSE:KIO) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 145,622 shares, an increase of 30.6% from the March 31st total of 111,526 shares. Based on an average daily volume of 233,567 shares, the short-interest ratio is presently 0.6 days.

KKR Income Opportunities Fund Price Performance

Shares of KIO stock traded up $0.05 during midday trading on Friday, reaching $11.39. 61,474 shares of the company traded hands, compared to its average volume of 266,088. The firm’s 50 day simple moving average is $11.10 and its two-hundred day simple moving average is $11.50. KKR Income Opportunities Fund has a 1-year low of $10.65 and a 1-year high of $12.83.

KKR Income Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th will be given a dividend of $0.1215 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date is Friday, June 12th.

Insider Activity

In other news, CFO Justin Takao sold 6,410 shares of KKR Income Opportunities Fund stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $11.70, for a total transaction of $74,997.00. Following the completion of the sale, the chief financial officer directly owned 46 shares in the company, valued at approximately $538.20. This trade represents a 99.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Investors Weigh In On KKR Income Opportunities Fund

A number of hedge funds and other institutional investors have recently modified their holdings of KIO. EverSource Wealth Advisors LLC increased its stake in shares of KKR Income Opportunities Fund by 59.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,971 shares of the investment management company’s stock worth $34,000 after purchasing an additional 1,103 shares in the last quarter. Blue Trust Inc. increased its stake in shares of KKR Income Opportunities Fund by 10,475.0% during the 4th quarter. Blue Trust Inc. now owns 6,345 shares of the investment management company’s stock worth $74,000 after purchasing an additional 6,285 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of KKR Income Opportunities Fund during the 4th quarter worth approximately $88,000. Anfield Capital Management LLC purchased a new position in shares of KKR Income Opportunities Fund during the 3rd quarter worth approximately $100,000. Finally, Marex Group plc purchased a new position in shares of KKR Income Opportunities Fund during the 4th quarter worth approximately $117,000.

About KKR Income Opportunities Fund

KKR Income Opportunities Fund (NYSE: KIO) is a diversified, closed-end management investment company that seeks to provide attractive current income and capital appreciation by investing primarily in corporate credit instruments. Managed by KKR Income Opportunities Advisors, LLC, the fund leverages the global credit platform of KKR & Co Inc, deploying capital across a broad spectrum of debt securities—including broadly syndicated loans, high-yield bonds, convertible bonds, private credit, and other credit-related instruments.

Since its initial public offering in June 2018, the fund has pursued a flexible, research-driven strategy designed to capture opportunities across credit markets.