KKR Income Opportunities Fund (NYSE:KIO) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

KKR Income Opportunities Fund (NYSE:KIO)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.65 and traded as low as $11.00. KKR Income Opportunities Fund shares last traded at $11.1450, with a volume of 269,585 shares changing hands.

KKR Income Opportunities Fund Stock Up 1.7%

The business’s fifty day moving average is $11.28 and its two-hundred day moving average is $11.65.

KKR Income Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be issued a $0.1215 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%.

Insider Buying and Selling

In other KKR Income Opportunities Fund news, CFO Justin Takao sold 6,410 shares of KKR Income Opportunities Fund stock in a transaction 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 approximately $538.20. The trade was a 99.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Trading of KKR Income Opportunities Fund

Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings in KKR Income Opportunities Fund by 59.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,971 shares of the investment management company’s stock worth $34,000 after acquiring an additional 1,103 shares during the period. Blue Trust Inc. grew its holdings in KKR Income Opportunities Fund by 10,475.0% during the 4th quarter. Blue Trust Inc. now owns 6,345 shares of the investment management company’s stock worth $74,000 after acquiring an additional 6,285 shares during the period. AdvisorNet Financial Inc grew its holdings in KKR Income Opportunities Fund by 52.7% during the 3rd quarter. AdvisorNet Financial Inc now owns 5,962 shares of the investment management company’s stock worth $75,000 after acquiring an additional 2,057 shares during the period. Kestra Advisory Services LLC acquired a new stake in KKR Income Opportunities Fund during the 4th quarter worth $88,000. Finally, Anfield Capital Management LLC acquired a new stake in KKR Income Opportunities Fund during the 3rd quarter worth $100,000.

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.