KKR Income Opportunities Fund (NYSE:KIO) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

KKR Income Opportunities Fund (NYSE:KIO) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.37 and traded as low as $11.17. KKR Income Opportunities Fund shares last traded at $11.2250, with a volume of 237,863 shares traded.

KKR Income Opportunities Fund Stock Performance

The firm has a 50 day moving average price of $11.21 and a two-hundred day moving average price of $11.37.

KKR Income Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.1215 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a c) annualized dividend and a dividend yield of 13.0%.

Institutional Investors Weigh In On KKR Income Opportunities Fund

Several large investors have recently modified their holdings of KIO. Balyasny Asset Management L.P. bought a new stake in shares of KKR Income Opportunities Fund during the 4th quarter worth $3,512,000. Shaker Financial Services LLC boosted its stake in shares of KKR Income Opportunities Fund by 428.1% during the 4th quarter. Shaker Financial Services LLC now owns 308,129 shares of the investment management company’s stock worth $3,571,000 after acquiring an additional 249,785 shares in the last quarter. Rareview Capital LLC boosted its stake in shares of KKR Income Opportunities Fund by 196.7% during the 4th quarter. Rareview Capital LLC now owns 149,809 shares of the investment management company’s stock worth $1,882,000 after acquiring an additional 99,309 shares in the last quarter. Rivernorth Capital Management LLC bought a new stake in shares of KKR Income Opportunities Fund during the 4th quarter worth $1,061,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of KKR Income Opportunities Fund during the 4th quarter worth $822,000.

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.