KKR Income Opportunities Fund (NYSE:KIO) Short Interest Update

KKR Income Opportunities Fund (NYSE:KIO) was the recipient of a large increase in short interest in the month of May. As of May 28th, there was short interest totalling 12,700 shares, an increase of 535.0% from the May 13th total of 2,000 shares. Based on an average daily volume of 63,400 shares, the short-interest ratio is currently 0.2 days.

Large investors have recently added to or reduced their stakes in the company. Summit X LLC lifted its holdings in shares of KKR Income Opportunities Fund by 2.0% during the 1st quarter. Summit X LLC now owns 41,595 shares of the investment management company’s stock worth $658,000 after acquiring an additional 829 shares during the period. Sage Rhino Capital LLC lifted its holdings in shares of KKR Income Opportunities Fund by 10.1% during the 1st quarter. Sage Rhino Capital LLC now owns 259,786 shares of the investment management company’s stock worth $4,110,000 after acquiring an additional 23,934 shares during the period. Claraphi Advisory Network LLC bought a new position in shares of KKR Income Opportunities Fund during the 1st quarter worth about $329,000. Usca Ria LLC bought a new position in shares of KKR Income Opportunities Fund during the 1st quarter worth about $166,000. Finally, Capital Investment Advisors LLC lifted its holdings in shares of KKR Income Opportunities Fund by 7.9% during the 1st quarter. Capital Investment Advisors LLC now owns 90,773 shares of the investment management company’s stock worth $1,436,000 after acquiring an additional 6,619 shares during the period.

KKR Income Opportunities Fund stock traded up $0.05 during mid-day trading on Friday, reaching $16.46. The company had a trading volume of 48,704 shares, compared to its average volume of 76,623. KKR Income Opportunities Fund has a 52 week low of $12.05 and a 52 week high of $16.58. The stock’s 50 day simple moving average is $16.08.

The business also recently declared a monthly dividend, which will be paid on Friday, July 30th. Shareholders of record on Friday, July 9th will be issued a $0.105 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 7.65%. The ex-dividend date of this dividend is Thursday, July 8th.

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.

Featured Article: What are economic reports?

Receive News & Ratings for KKR Income Opportunities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR Income Opportunities Fund and related companies with MarketBeat.com's FREE daily email newsletter.