KKR Income Opportunities Fund (NYSE:KIO) Stock Price Passes Below 200-Day Moving Average – Here’s Why

KKR Income Opportunities Fund (NYSE:KIO)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.33 and traded as low as $11.32. KKR Income Opportunities Fund shares last traded at $11.3650, with a volume of 174,239 shares.

KKR Income Opportunities Fund Price Performance

The firm’s fifty day moving average price is $11.24 and its 200-day moving average price is $11.33.

KKR Income Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be issued 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 12.8%.

Institutional Trading of KKR Income Opportunities Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Guggenheim Capital LLC boosted its position in shares of KKR Income Opportunities Fund by 5.3% in the 4th quarter. Guggenheim Capital LLC now owns 755,814 shares of the investment management company’s stock valued at $8,760,000 after purchasing an additional 37,860 shares during the period. UBS Group AG increased its position in KKR Income Opportunities Fund by 8.4% during the fourth quarter. UBS Group AG now owns 620,374 shares of the investment management company’s stock worth $7,190,000 after buying an additional 48,255 shares during the period. Wells Fargo & Company MN lifted its stake in KKR Income Opportunities Fund by 7.6% in the fourth quarter. Wells Fargo & Company MN now owns 571,104 shares of the investment management company’s stock valued at $6,619,000 after buying an additional 40,463 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in KKR Income Opportunities Fund by 4.3% in the first quarter. Janney Montgomery Scott LLC now owns 469,778 shares of the investment management company’s stock valued at $5,168,000 after buying an additional 19,288 shares during the last quarter. Finally, Polar Asset Management Partners Inc. boosted its holdings in shares of KKR Income Opportunities Fund by 1.9% in the third quarter. Polar Asset Management Partners Inc. now owns 424,203 shares of the investment management company’s stock valued at $5,345,000 after acquiring an additional 8,052 shares during the period.

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.