KKR Income Opportunities Fund (NYSE:KIO) Short Interest Update

KKR Income Opportunities Fund (NYSE:KIO) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 814,400 shares, a decline of 12.2% from the September 15th total of 927,800 shares. Based on an average trading volume of 121,300 shares, the short-interest ratio is presently 6.7 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. SeaCrest Wealth Management LLC boosted its holdings in KKR Income Opportunities Fund by 4.8% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 23,532 shares of the investment management company’s stock worth $347,000 after buying an additional 1,074 shares during the period. Commonwealth Equity Services LLC boosted its holdings in KKR Income Opportunities Fund by 9.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 17,307 shares of the investment management company’s stock worth $237,000 after buying an additional 1,498 shares during the period. Joseph P. Lucia & Associates LLC lifted its stake in KKR Income Opportunities Fund by 2.8% in the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 96,280 shares of the investment management company’s stock worth $1,319,000 after purchasing an additional 2,642 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in KKR Income Opportunities Fund by 7.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 112,377 shares of the investment management company’s stock worth $1,540,000 after purchasing an additional 8,056 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in KKR Income Opportunities Fund in the 2nd quarter worth $146,000.

KKR Income Opportunities Fund Trading Up 0.2 %

Shares of KIO stock traded up $0.03 during mid-day trading on Wednesday, reaching $14.57. 106,720 shares of the company’s stock traded hands, compared to its average volume of 123,398. The firm has a 50 day moving average price of $14.54 and a two-hundred day moving average price of $13.92. KKR Income Opportunities Fund has a 12 month low of $11.02 and a 12 month high of $15.09.

KKR Income Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.1215 dividend. This represents a $1.46 annualized dividend and a yield of 10.01%. The ex-dividend date of this dividend is Friday, December 13th.

KKR Income Opportunities Fund Company Profile

KKR Income Opportunities Fund is a close ended fixed income mutual fund launched by Kohlberg Kravis Roberts & Co L.P. The fund is managed by KKR Asset Management LLC. It invests in fixed income markets and hedging markets across the globe. The fund primarily invests in first- and second-lien secured loans, unsecured loans and high yield corporate debt instruments.