KKR Income Opportunities Fund (NYSE:KIO) Shares Shorted: Short Interest Down 75.2% in September

KKR Income Opportunities Fund (NYSE:KIO) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 56,787 shares, a drop of 75.2% from the September 15th total of 228,555 shares. Based on an average daily volume of 218,684 shares, the short-interest ratio is currently 0.3 days.

KKR Income Opportunities Fund Price Performance

Shares of KIO stock traded down $0.07 during trading hours on Tuesday, reaching $9.96. The company had a trading volume of 289,512 shares, compared to its average volume of 226,807. The stock has a fifty day moving average of $10.78 and a 200-day moving average of $11.04. KKR Income Opportunities Fund has a 12-month low of $9.94 and a 12-month high of $12.18.

KKR Income Opportunities Fund Announces Dividend

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

Hedge Funds Weigh In On KKR Income Opportunities Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC purchased a new stake in KKR Income Opportunities Fund during the second quarter worth approximately $42,000. Allspring Global Investments Holdings LLC acquired a new position in shares of KKR Income Opportunities Fund in the 1st quarter valued at $112,000. CoreCap Advisors LLC raised its holdings in shares of KKR Income Opportunities Fund by 2,491.1% in the second quarter. CoreCap Advisors LLC now owns 10,520 shares of the investment management company’s stock valued at $118,000 after buying an additional 10,114 shares during the last quarter. Corient Private Wealth LP acquired a new stake in KKR Income Opportunities Fund during the 2nd quarter worth approximately $137,000. Finally, Plotkin Financial Advisors LLC purchased a new position in KKR Income Opportunities Fund in the 2nd quarter valued at $146,000.

KKR Income Opportunities Fund Company Profile

KKR Income Opportunities Fund (NYSE: KIO) is a non-diversified, closed-end management investment company that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The fund invests in a portfolio of income-producing credit instruments rather than operating a traditional business.

Its investments generally include senior secured loans, corporate debt, high-yield bonds and other fixed-income securities. The fund may also invest in structured credit and other credit-related instruments, including securities issued by companies with below-investment-grade credit ratings.