KKR Income Opportunities Fund (NYSE:KIO) Shares Cross Below 200 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 $12.28 and traded as low as $11.55. KKR Income Opportunities Fund shares last traded at $11.5650, with a volume of 416,014 shares changing hands.

KKR Income Opportunities Fund Price Performance

The business has a fifty day simple moving average of $11.86 and a two-hundred day simple moving average of $12.28.

Institutional Trading of KKR Income Opportunities Fund

Large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers increased its holdings in KKR Income Opportunities Fund by 51.9% during the first quarter. Cetera Investment Advisers now owns 44,523 shares of the investment management company’s stock valued at $547,000 after buying an additional 15,210 shares during the last quarter. US Bancorp DE increased its stake in shares of KKR Income Opportunities Fund by 266.3% in the 1st quarter. US Bancorp DE now owns 5,476 shares of the investment management company’s stock worth $67,000 after purchasing an additional 3,981 shares in the last quarter. Atria Wealth Solutions Inc. raised its holdings in KKR Income Opportunities Fund by 14.7% in the 1st quarter. Atria Wealth Solutions Inc. now owns 15,319 shares of the investment management company’s stock worth $188,000 after purchasing an additional 1,965 shares during the period. SFI Advisors LLC bought a new position in KKR Income Opportunities Fund in the 1st quarter worth $276,000. Finally, SVB Wealth LLC purchased a new position in KKR Income Opportunities Fund during the first quarter valued at $26,000.

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.