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

KKR Income Opportunities Fund (NYSE:KIO) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 231,500 shares, a growth of 33.1% from the March 15th total of 173,900 shares. Based on an average daily trading volume, of 131,000 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new position in KKR Income Opportunities Fund in the first quarter valued at about $70,000. Aristides Capital LLC acquired a new stake in shares of KKR Income Opportunities Fund during the fourth quarter worth about $196,000. Robinson Capital Management LLC lifted its position in shares of KKR Income Opportunities Fund by 192.8% during the fourth quarter. Robinson Capital Management LLC now owns 33,264 shares of the investment management company’s stock worth $421,000 after purchasing an additional 21,903 shares in the last quarter. Kovack Advisors Inc. lifted its position in shares of KKR Income Opportunities Fund by 61.3% during the fourth quarter. Kovack Advisors Inc. now owns 70,703 shares of the investment management company’s stock worth $889,000 after purchasing an additional 26,868 shares in the last quarter. Finally, Capital Investment Advisors LLC lifted its position in shares of KKR Income Opportunities Fund by 0.8% during the fourth quarter. Capital Investment Advisors LLC now owns 180,096 shares of the investment management company’s stock worth $2,264,000 after purchasing an additional 1,494 shares in the last quarter.

KKR Income Opportunities Fund Stock Down 0.9 %

NYSE KIO opened at $13.17 on Monday. The firm’s 50-day moving average is $13.22 and its two-hundred day moving average is $12.51. KKR Income Opportunities Fund has a 12 month low of $10.81 and a 12 month high of $13.59.

KKR Income Opportunities Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.1215 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.49 dividend on an annualized basis and a yield of 3.69%.

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.