KKR Income Opportunities Fund (NYSE:KIO) Stock Price Passes Below 200-Day Moving Average – What’s Next?

KKR Income Opportunities Fund (NYSE:KIO) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.25 and traded as low as $11.01. KKR Income Opportunities Fund shares last traded at $11.0650, with a volume of 149,614 shares.

KKR Income Opportunities Fund Price Performance

The company has a 50-day moving average price of $11.22 and a 200-day moving average price of $11.25.

KKR Income Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be paid a dividend of $0.1215 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a c) annualized dividend and a dividend yield of 13.2%.

Hedge Funds Weigh In On KKR Income Opportunities Fund

Several large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in shares of KKR Income Opportunities Fund by 59.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,971 shares of the investment management company’s stock worth $34,000 after acquiring an additional 1,103 shares during the period. Blue Trust Inc. lifted its holdings in shares of KKR Income Opportunities Fund by 10,475.0% during the 4th quarter. Blue Trust Inc. now owns 6,345 shares of the investment management company’s stock valued at $74,000 after acquiring an additional 6,285 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of KKR Income Opportunities Fund during the fourth quarter worth about $88,000. Allspring Global Investments Holdings LLC acquired a new position in KKR Income Opportunities Fund during the 1st quarter worth approximately $112,000. Finally, Marex Group plc acquired a new position in shares of KKR Income Opportunities Fund during the fourth quarter worth $117,000.

KKR Income Opportunities Fund Company Profile

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.