Short Interest in KKR Income Opportunities Fund (NYSE:KIO) Expands By 84.5%

KKR Income Opportunities Fund (NYSE:KIO) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 119,058 shares, a growth of 84.5% from the November 30th total of 64,542 shares. Based on an average trading volume of 287,036 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 287,036 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On KKR Income Opportunities Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KIO. Baird Financial Group Inc. bought a new stake in KKR Income Opportunities Fund in the 1st quarter worth approximately $452,000. Royal Bank of Canada boosted its position in shares of KKR Income Opportunities Fund by 7.4% during the 1st quarter. Royal Bank of Canada now owns 87,365 shares of the investment management company’s stock valued at $1,074,000 after acquiring an additional 6,007 shares during the last quarter. 1607 Capital Partners LLC purchased a new position in shares of KKR Income Opportunities Fund in the first quarter valued at $8,965,000. NewEdge Advisors LLC grew its holdings in shares of KKR Income Opportunities Fund by 9.2% in the first quarter. NewEdge Advisors LLC now owns 45,466 shares of the investment management company’s stock valued at $559,000 after purchasing an additional 3,844 shares in the last quarter. Finally, Polar Asset Management Partners Inc. bought a new stake in KKR Income Opportunities Fund in the first quarter worth $4,960,000.

KKR Income Opportunities Fund Trading Down 0.6%

Shares of NYSE KIO opened at $11.62 on Tuesday. KKR Income Opportunities Fund has a 52-week low of $10.69 and a 52-week high of $13.67. The firm’s fifty day moving average is $11.75 and its two-hundred day moving average is $12.23.

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.