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

KKR Income Opportunities Fund (NYSE:KIO)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.43 and traded as low as $11.20. KKR Income Opportunities Fund shares last traded at $11.2550, with a volume of 101,225 shares traded.

KKR Income Opportunities Fund Stock Performance

The firm’s 50 day moving average price is $11.06 and its 200-day moving average price is $11.43.

KKR Income Opportunities Fund Dividend Announcement

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 given a dividend of $0.1215 per share. This represents a c) annualized dividend and a dividend yield of 13.0%. The ex-dividend date is Friday, June 12th.

Institutional Investors Weigh In On KKR Income Opportunities Fund

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE increased its position in shares of KKR Income Opportunities Fund by 8.6% during the first quarter. Bank of America Corp DE now owns 341,918 shares of the investment management company’s stock worth $3,761,000 after purchasing an additional 27,215 shares in the last quarter. Cetera Investment Advisers raised its position in shares of KKR Income Opportunities Fund by 5.0% in the first quarter. Cetera Investment Advisers now owns 96,405 shares of the investment management company’s stock valued at $1,060,000 after buying an additional 4,565 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of KKR Income Opportunities Fund in the first quarter worth about $112,000. Fifth Third Bancorp purchased a new position in shares of KKR Income Opportunities Fund in the first quarter worth about $438,000. Finally, Rareview Capital LLC boosted its position in KKR Income Opportunities Fund by 20.6% during the first quarter. Rareview Capital LLC now owns 180,612 shares of the investment management company’s stock worth $1,987,000 after acquiring an additional 30,803 shares during the last quarter.

About KKR Income Opportunities Fund

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.