Short Interest in KKR Income Opportunities Fund (NYSE:KIO) Grows By 16.0%

KKR Income Opportunities Fund (NYSE:KIO) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 498,600 shares, an increase of 16.0% from the May 31st total of 430,000 shares. Based on an average daily volume of 107,200 shares, the days-to-cover ratio is presently 4.7 days.

KKR Income Opportunities Fund Stock Performance

KIO stock opened at $13.68 on Wednesday. The business has a 50 day moving average price of $13.47 and a 200 day moving average price of $13.16. KKR Income Opportunities Fund has a fifty-two week low of $11.02 and a fifty-two week high of $13.77.

KKR Income Opportunities Fund Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.1215 per share. This represents a yield of 10.8%. The ex-dividend date is Friday, September 13th.

Institutional Investors Weigh In On KKR Income Opportunities Fund

Institutional investors have recently added to or reduced their stakes in the business. Cetera Advisors LLC purchased a new stake in KKR Income Opportunities Fund in the first quarter valued at approximately $574,000. Advisors Asset Management Inc. lifted its stake in KKR Income Opportunities Fund by 17.3% in the first quarter. Advisors Asset Management Inc. now owns 442,350 shares of the investment management company’s stock valued at $5,989,000 after buying an additional 65,197 shares during the last quarter. Joseph P. Lucia & Associates LLC lifted its stake in KKR Income Opportunities Fund by 3.0% in the first quarter. Joseph P. Lucia & Associates LLC now owns 93,638 shares of the investment management company’s stock valued at $1,268,000 after buying an additional 2,760 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in KKR Income Opportunities Fund by 4.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 104,321 shares of the investment management company’s stock valued at $1,413,000 after buying an additional 4,496 shares during the last quarter. Finally, Aristides Capital LLC purchased a new stake in KKR Income Opportunities Fund in the fourth quarter valued at approximately $196,000.

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.