KKR Income Opportunities Fund (NYSE:KIO) Stock Crosses Below 200-Day Moving Average – Here’s Why

KKR Income Opportunities Fund (NYSE:KIO)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.01 and traded as low as $11.54. KKR Income Opportunities Fund shares last traded at $11.57, with a volume of 191,183 shares changing hands.

KKR Income Opportunities Fund Trading Down 0.3%

The firm has a 50-day moving average of $11.63 and a 200 day moving average of $12.00.

KKR Income Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.1215 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date of this dividend is Friday, March 13th.

Insider Buying and Selling

In other KKR Income Opportunities Fund news, CFO Justin Takao sold 14,807 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $11.72, for a total value of $173,538.04. Following the sale, the chief financial officer owned 6,456 shares in the company, valued at $75,664.32. This represents a 69.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Institutional Investors Weigh In On KKR Income Opportunities Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC raised its holdings in KKR Income Opportunities Fund by 213.5% in the 3rd quarter. Penserra Capital Management LLC now owns 1,124,139 shares of the investment management company’s stock valued at $14,164,000 after acquiring an additional 765,563 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in KKR Income Opportunities Fund in the 4th quarter worth about $3,512,000. Shaker Financial Services LLC boosted its position in KKR Income Opportunities Fund by 428.1% during the 4th quarter. Shaker Financial Services LLC now owns 308,129 shares of the investment management company’s stock worth $3,571,000 after buying an additional 249,785 shares during the period. Rareview Capital LLC acquired a new position in shares of KKR Income Opportunities Fund during the second quarter worth $2,158,000. Finally, Rivernorth Capital Management LLC bought a new position in KKR Income Opportunities Fund during the 4th quarter worth $1,061,000.

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.