KKR Income Opportunities Fund (NYSE:KIO) Shares Up 1.5% – Should You Buy?

KKR Income Opportunities Fund (NYSE:KIO)’s stock price rose 1.5% during trading on Monday. The company traded as high as $10.13 and last traded at $10.1150. 359,210 shares traded hands during mid-day trading, an increase of 51% from the average daily volume of 238,673 shares. The stock had previously closed at $9.97.

KKR Income Opportunities Fund Stock Performance

The firm’s 50 day simple moving average is $10.30 and its 200 day simple moving average is $10.99.

KKR Income Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 30th. Investors of record on Friday, December 11th will be paid a $0.1215 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.46 dividend on an annualized basis and a yield of 14.6%.

Insider Transactions at KKR Income Opportunities Fund

In other KKR Income Opportunities Fund news, CFO Justin Takao bought 5,133 shares of the company’s stock in a transaction on Friday, October 23rd. The shares were bought at an average cost of $9.75 per share, for a total transaction of $50,046.75. Following the acquisition, the chief financial officer directly owned 5,184 shares in the company, valued at approximately $50,544. The trade was a 10,064.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have bought 12,047 shares of company stock worth $119,290.

Institutional Trading of KKR Income Opportunities Fund

A number of hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new stake in shares of KKR Income Opportunities Fund during the 2nd quarter worth $257,000. Equitable Holdings Inc. purchased a new stake in KKR Income Opportunities Fund during the 2nd quarter worth approximately $322,000. Wedbush Securities Inc. increased its position in shares of KKR Income Opportunities Fund by 42.9% in the 2nd quarter. Wedbush Securities Inc. now owns 61,574 shares of the investment management company’s stock valued at $693,000 after acquiring an additional 18,471 shares during the period. Rareview Capital LLC raised its stake in shares of KKR Income Opportunities Fund by 10.1% in the second quarter. Rareview Capital LLC now owns 198,863 shares of the investment management company’s stock worth $2,239,000 after purchasing an additional 18,251 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in KKR Income Opportunities Fund during the 2nd quarter valued at approximately $3,919,000.

About KKR Income Opportunities Fund

KKR Income Opportunities Fund (NYSE: KIO) is a non-diversified, closed-end management investment company. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing in a portfolio of income-producing credit securities. KIO invests primarily in below-investment-grade and unrated debt instruments, including senior secured loans, high-yield bonds, privately placed debt, structured credit and other income-oriented credit investments. The portfolio may include both fixed- and floating-rate securities and can invest across multiple industries and geographic regions, depending on the fund’s assessment of relative value and credit opportunities.