KKR Income Opportunities Fund (NYSE:KIO) Shares Pass Below 200-Day Moving Average of $11.61

KKR Income Opportunities Fund (NYSE:KIO)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.61 and traded as low as $11.34. KKR Income Opportunities Fund shares last traded at $11.46, with a volume of 127,806 shares trading hands.

KKR Income Opportunities Fund Stock Performance

The stock’s 50-day moving average is $11.85 and its 200 day moving average is $11.61.

KKR Income Opportunities Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.1215 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.46 dividend on an annualized basis and a yield of 12.72%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Clough Capital Partners L P acquired a new position in KKR Income Opportunities Fund during the 1st quarter valued at approximately $7,797,000. Quarry LP acquired a new position in KKR Income Opportunities Fund during the 1st quarter valued at approximately $591,000. SeaCrest Wealth Management LLC increased its stake in KKR Income Opportunities Fund by 136.8% during the 1st quarter. SeaCrest Wealth Management LLC now owns 28,993 shares of the investment management company’s stock valued at $318,000 after purchasing an additional 16,749 shares in the last quarter. Yakira Capital Management Inc. acquired a new position in KKR Income Opportunities Fund during the 1st quarter valued at approximately $476,000. Finally, Consolidated Portfolio Review Corp acquired a new position in KKR Income Opportunities Fund during the 1st quarter valued at approximately $1,246,000.

About KKR Income Opportunities Fund

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.