KKR Income Opportunities Fund (NYSE:KIO) Shares Shorted: Short Interest Up 545.1% in September

KKR Income Opportunities Fund (NYSE:KIO) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 228,555 shares, an increase of 545.1% from the August 31st total of 35,429 shares. Based on an average daily trading volume, of 207,722 shares, the days-to-cover ratio is currently 1.1 days.

KKR Income Opportunities Fund Stock Up 1.3%

NYSE:KIO opened at $10.44 on Friday. The business’s 50 day moving average is $10.96 and its two-hundred day moving average is $11.09. KKR Income Opportunities Fund has a 52 week low of $10.30 and a 52 week high of $12.68.

KKR Income Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 30th. Investors of record on Friday, December 11th will be given a dividend of $0.1215 per share. This represents a $1.46 annualized dividend and a dividend yield of 14.0%. The ex-dividend date of this dividend is Friday, December 11th.

Hedge Funds Weigh In On KKR Income Opportunities Fund

Several large investors have recently added to or reduced their stakes in the company. Rareview Capital LLC increased its stake in KKR Income Opportunities Fund by 10.1% during the second quarter. Rareview Capital LLC now owns 198,863 shares of the investment management company’s stock valued at $2,239,000 after purchasing an additional 18,251 shares during the last quarter. Wedbush Securities Inc. lifted its position in shares of KKR Income Opportunities Fund by 42.9% in the 2nd quarter. Wedbush Securities Inc. now owns 61,574 shares of the investment management company’s stock worth $693,000 after buying an additional 18,471 shares during the last quarter. Equitable Holdings Inc. bought a new position in shares of KKR Income Opportunities Fund in the 2nd quarter worth about $322,000. Corient Private Wealth LP acquired a new position in shares of KKR Income Opportunities Fund in the 2nd quarter valued at about $137,000. Finally, Plotkin Financial Advisors LLC acquired a new position in shares of KKR Income Opportunities Fund in the 2nd quarter valued at about $146,000.

KKR Income Opportunities Fund Company Profile

KKR Income Opportunities Fund is a publicly traded, closed-end investment fund managed by an affiliate of KKR & Co Inc The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in income-producing debt securities and other credit-related investments.

The fund’s portfolio may include senior secured loans, high-yield corporate bonds, structured credit, emerging-market debt and other fixed-income instruments. These investments generally span a range of industries, credit qualities and maturities, and may include both fixed-rate and floating-rate securities.

KKR Income Opportunities Fund began operations in 2011 and is advised by KKR Credit Advisors (US) LLC, an affiliate of KKR’s global credit platform.