Short Interest in KKR Income Opportunities Fund (NYSE:KIO) Increases By 7.8%

KKR Income Opportunities Fund (NYSE:KIO) saw a large growth in short interest in June. As of June 30th, there was short interest totalling 537,600 shares, a growth of 7.8% from the June 15th total of 498,600 shares. Based on an average daily trading volume, of 110,100 shares, the days-to-cover ratio is currently 4.9 days.

KKR Income Opportunities Fund Price Performance

KKR Income Opportunities Fund stock traded down $0.08 during trading hours on Wednesday, hitting $13.94. The company had a trading volume of 145,383 shares, compared to its average volume of 122,066. The company has a 50-day moving average price of $13.59 and a two-hundred day moving average price of $13.26. KKR Income Opportunities Fund has a 1 year low of $11.02 and a 1 year high of $14.22.

KKR Income Opportunities Fund Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KIO. PFG Investments LLC purchased a new stake in shares of KKR Income Opportunities Fund in the 1st quarter worth $154,000. Aristides Capital LLC bought a new stake in shares of KKR Income Opportunities Fund in the fourth quarter valued at about $196,000. Robinson Capital Management LLC lifted its stake in KKR Income Opportunities Fund by 192.8% in the fourth quarter. Robinson Capital Management LLC now owns 33,264 shares of the investment management company’s stock worth $421,000 after acquiring an additional 21,903 shares during the period. Cetera Advisors LLC bought a new position in KKR Income Opportunities Fund during the 1st quarter worth about $574,000. Finally, Kovack Advisors Inc. grew its holdings in KKR Income Opportunities Fund by 61.3% during the 4th quarter. Kovack Advisors Inc. now owns 70,703 shares of the investment management company’s stock worth $889,000 after acquiring an additional 26,868 shares in the last quarter.

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.