KKR Income Opportunities Fund (NYSE:KIO) Short Interest Up 377.0% in March

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.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KIO. Moors & Cabot Inc. bought a new stake in KKR Income Opportunities Fund in the third quarter worth approximately $38,000. Ahrens Investment Partners LLC acquired a new stake in shares of KKR Income Opportunities Fund during the 4th quarter worth approximately $80,000. Future Financial Wealth Managment LLC bought a new stake in shares of KKR Income Opportunities Fund in the 4th quarter valued at $125,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of KKR Income Opportunities Fund during the 3rd quarter valued at $193,000. Finally, Raymond James & Associates acquired a new position in shares of KKR Income Opportunities Fund during the 3rd quarter valued at $219,000.

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.

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