Short Interest in KKR Income Opportunities Fund (NYSE:KIO) Drops By 76.4%

KKR Income Opportunities Fund (NYSE:KIO) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 28,079 shares, a drop of 76.4% from the December 15th total of 119,058 shares. Based on an average trading volume of 410,858 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 410,858 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On KKR Income Opportunities Fund

Large investors have recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. raised its holdings in shares of KKR Income Opportunities Fund by 1.9% during the third quarter. Polar Asset Management Partners Inc. now owns 424,203 shares of the investment management company’s stock worth $5,345,000 after purchasing an additional 8,052 shares during the period. NewEdge Advisors LLC raised its stake in KKR Income Opportunities Fund by 4.7% during the third quarter. NewEdge Advisors LLC now owns 49,756 shares of the investment management company’s stock worth $627,000 after acquiring an additional 2,239 shares during the period. Verity Asset Management Inc. raised its stake in KKR Income Opportunities Fund by 29.3% during the third quarter. Verity Asset Management Inc. now owns 15,436 shares of the investment management company’s stock worth $194,000 after acquiring an additional 3,499 shares during the period. Raymond James Financial Inc. lifted its holdings in KKR Income Opportunities Fund by 22.0% in the third quarter. Raymond James Financial Inc. now owns 131,936 shares of the investment management company’s stock worth $1,662,000 after acquiring an additional 23,812 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in KKR Income Opportunities Fund in the third quarter valued at approximately $203,000.

KKR Income Opportunities Fund Stock Performance

Shares of KIO stock traded down $0.02 during trading hours on Tuesday, hitting $11.71. 168,249 shares of the company were exchanged, compared to its average volume of 229,398. KKR Income Opportunities Fund has a one year low of $10.69 and a one year high of $13.43. The business’s 50-day simple moving average is $11.69 and its two-hundred day simple moving average is $12.19.

KKR Income Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.1215 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date is Friday, March 13th.

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.