KKR Income Opportunities Fund (NYSE:KIO) Sees Significant Growth in Short Interest

KKR Income Opportunities Fund (NYSE:KIO) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 109,000 shares, a growth of 20.8% from the March 15th total of 90,200 shares. Based on an average daily volume of 263,400 shares, the days-to-cover ratio is currently 0.4 days.

KKR Income Opportunities Fund Stock Down 1.2 %

Shares of KKR Income Opportunities Fund stock opened at $11.31 on Tuesday. The business has a 50-day simple moving average of $12.10 and a 200 day simple moving average of $13.02. KKR Income Opportunities Fund has a one year low of $10.69 and a one year high of $15.09.

KKR Income Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.1215 per share. The ex-dividend date is Friday, June 13th. This represents a $1.46 annualized dividend and a dividend yield of 12.89%.

Hedge Funds Weigh In On KKR Income Opportunities Fund

Institutional investors have recently modified their holdings of the company. AdvisorNet Financial Inc acquired a new stake in KKR Income Opportunities Fund in the 1st quarter valued at $26,000. Noble Wealth Management PBC bought a new position in shares of KKR Income Opportunities Fund in the first quarter valued at $63,000. Naviter Wealth LLC acquired a new position in shares of KKR Income Opportunities Fund during the fourth quarter valued at about $139,000. Fortitude Advisory Group L.L.C. acquired a new position in shares of KKR Income Opportunities Fund during the first quarter valued at about $143,000. Finally, Rik Saylor Financial Inc. bought a new stake in shares of KKR Income Opportunities Fund during the fourth quarter worth about $202,000.

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.