KKR Income Opportunities Fund (NYSE:KIO) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

KKR Income Opportunities Fund (NYSE:KIO)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.71 and traded as low as $10.68. KKR Income Opportunities Fund shares last traded at $10.9950, with a volume of 247,565 shares trading hands.

KKR Income Opportunities Fund Stock Performance

The firm has a 50 day moving average of $11.35 and a 200 day moving average of $11.71.

KKR Income Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.1215 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date is Friday, June 12th.

Insider Activity at KKR Income Opportunities Fund

In other news, CFO Justin Takao sold 6,410 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $11.70, for a total transaction of $74,997.00. Following the completion of the sale, the chief financial officer owned 46 shares of the company’s stock, valued at $538.20. This trade represents a 99.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of KIO. Penserra Capital Management LLC grew its holdings in KKR Income Opportunities Fund by 213.5% in the third quarter. Penserra Capital Management LLC now owns 1,124,139 shares of the investment management company’s stock worth $14,164,000 after purchasing an additional 765,563 shares during the period. Guggenheim Capital LLC raised its holdings in shares of KKR Income Opportunities Fund by 5.3% during the fourth quarter. Guggenheim Capital LLC now owns 755,814 shares of the investment management company’s stock valued at $8,760,000 after purchasing an additional 37,860 shares during the period. UBS Group AG boosted its position in shares of KKR Income Opportunities Fund by 8.4% during the 4th quarter. UBS Group AG now owns 620,374 shares of the investment management company’s stock worth $7,190,000 after purchasing an additional 48,255 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of KKR Income Opportunities Fund by 7.6% in the 4th quarter. Wells Fargo & Company MN now owns 571,104 shares of the investment management company’s stock valued at $6,619,000 after buying an additional 40,463 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in shares of KKR Income Opportunities Fund by 1.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 450,490 shares of the investment management company’s stock valued at $5,221,000 after buying an additional 5,128 shares during the period.

KKR Income Opportunities Fund Company Profile

KKR Income Opportunities Fund (NYSE: KIO) is a diversified, closed-end management investment company that seeks to provide attractive current income and capital appreciation by investing primarily in corporate credit instruments. Managed by KKR Income Opportunities Advisors, LLC, the fund leverages the global credit platform of KKR & Co Inc, deploying capital across a broad spectrum of debt securities—including broadly syndicated loans, high-yield bonds, convertible bonds, private credit, and other credit-related instruments.

Since its initial public offering in June 2018, the fund has pursued a flexible, research-driven strategy designed to capture opportunities across credit markets.