Short Interest in KKR Income Opportunities Fund (NYSE:KIO) Drops By 46.4%

KKR Income Opportunities Fund (NYSE:KIO) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 41,729 shares, a drop of 46.4% from the July 30th total of 77,887 shares. Based on an average trading volume of 197,818 shares, the short-interest ratio is presently 0.2 days.

KKR Income Opportunities Fund Stock Performance

KIO opened at $11.03 on Tuesday. KKR Income Opportunities Fund has a 1 year low of $10.65 and a 1 year high of $12.76. The stock’s 50 day simple moving average is $11.15 and its 200-day simple moving average is $11.18.

KKR Income Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be given a dividend of $0.1215 per share. The ex-dividend date is Friday, September 11th. This represents a c) dividend on an annualized basis and a yield of 13.2%.

Institutional Investors Weigh In On KKR Income Opportunities Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Balyasny Asset Management L.P. acquired a new stake in KKR Income Opportunities Fund during the 4th quarter worth approximately $3,512,000. Bank of America Corp DE boosted its position in KKR Income Opportunities Fund by 5.3% during the second quarter. Bank of America Corp DE now owns 340,398 shares of the investment management company’s stock valued at $4,275,000 after acquiring an additional 17,001 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in KKR Income Opportunities Fund by 1.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 450,490 shares of the investment management company’s stock worth $5,221,000 after acquiring an additional 5,128 shares in the last quarter. Polar Asset Management Partners Inc. raised its holdings in KKR Income Opportunities Fund by 1.9% during the third quarter. Polar Asset Management Partners Inc. now owns 424,203 shares of the investment management company’s stock worth $5,345,000 after buying an additional 8,052 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in KKR Income Opportunities Fund by 7.6% during the 4th quarter. Wells Fargo & Company MN now owns 571,104 shares of the investment management company’s stock valued at $6,619,000 after acquiring an additional 40,463 shares in the last quarter.

KKR Income Opportunities Fund Company Profile

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.