KKR Income Opportunities Fund (NYSE:KIO) Sees Significant Increase in Short Interest

KKR Income Opportunities Fund (NYSE:KIO) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 119,058 shares, a growth of 84.5% from the November 30th total of 64,542 shares. Based on an average daily volume of 287,036 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 287,036 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On KKR Income Opportunities Fund

Several hedge funds and other institutional investors have recently made changes to their positions in KIO. Baird Financial Group Inc. acquired a new stake in KKR Income Opportunities Fund in the 1st quarter valued at $452,000. Royal Bank of Canada boosted its position in shares of KKR Income Opportunities Fund by 7.4% in the first quarter. Royal Bank of Canada now owns 87,365 shares of the investment management company’s stock worth $1,074,000 after buying an additional 6,007 shares during the period. 1607 Capital Partners LLC acquired a new stake in shares of KKR Income Opportunities Fund in the first quarter valued at about $8,965,000. NewEdge Advisors LLC raised its holdings in shares of KKR Income Opportunities Fund by 9.2% during the 1st quarter. NewEdge Advisors LLC now owns 45,466 shares of the investment management company’s stock valued at $559,000 after buying an additional 3,844 shares during the period. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of KKR Income Opportunities Fund during the 1st quarter valued at about $4,960,000.

KKR Income Opportunities Fund Stock Down 0.6%

KIO traded down $0.07 on Monday, reaching $11.62. 304,899 shares of the company’s stock were exchanged, compared to its average volume of 275,225. KKR Income Opportunities Fund has a twelve month low of $10.69 and a twelve month high of $13.67. The company’s 50 day moving average is $11.75 and its 200-day moving average is $12.23.

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.