KKR Income Opportunities Fund (NYSE:KIO – Get Rating) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 35,300 shares, a growth of 377.0% from the March 15th total of 7,400 shares. Based on an average trading volume of 67,500 shares, the days-to-cover ratio is presently 0.5 days.
Shares of KKR Income Opportunities Fund stock opened at $14.37 on Wednesday. The stock’s 50-day simple moving average is $14.70. KKR Income Opportunities Fund has a 1-year low of $13.63 and a 1-year high of $17.05.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 29th. Stockholders of record on Monday, April 18th will be paid a $0.105 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.77%. The ex-dividend date of this dividend is Thursday, April 14th.
About KKR Income Opportunities Fund (Get Rating)
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.
- Get a free copy of the StockNews.com research report on KKR Income Opportunities Fund (KIO)
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