KKR Income Opportunities Fund (NYSE:KIO) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

KKR Income Opportunities Fund (NYSE:KIO)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.72 and traded as low as $12.09. KKR Income Opportunities Fund shares last traded at $12.17, with a volume of 223,667 shares changing hands.

KKR Income Opportunities Fund Stock Performance

The business’s 50 day simple moving average is $11.87 and its 200-day simple moving average is $12.72.

KKR Income Opportunities Fund Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.1215 per share. This represents a yield of 12.25%. The ex-dividend date of this dividend is Friday, May 9th.

Institutional Trading of KKR Income Opportunities Fund

Institutional investors have recently made changes to their positions in the stock. AdvisorNet Financial Inc bought a new stake in shares of KKR Income Opportunities Fund in the 1st quarter worth approximately $26,000. SVB Wealth LLC acquired a new position in KKR Income Opportunities Fund in the 1st quarter valued at approximately $26,000. Noble Wealth Management PBC acquired a new position in KKR Income Opportunities Fund in the 1st quarter valued at approximately $63,000. US Bancorp DE increased its stake in KKR Income Opportunities Fund by 266.3% in the 1st quarter. US Bancorp DE now owns 5,476 shares of the investment management company’s stock valued at $67,000 after buying an additional 3,981 shares during the period. Finally, Naviter Wealth LLC bought a new stake in KKR Income Opportunities Fund in the fourth quarter worth approximately $139,000.

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.