KKR Income Opportunities Fund (NYSE:KIO) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

KKR Income Opportunities Fund (NYSE:KIOGet Free Report)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.28 and traded as low as $10.92. KKR Income Opportunities Fund shares last traded at $11.0430, with a volume of 209,929 shares changing hands.

KKR Income Opportunities Fund Stock Up 0.9%

The company’s 50 day simple moving average is $11.25 and its two-hundred day simple moving average is $11.28.

KKR Income Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.1215 per share. The ex-dividend date is Friday, September 11th. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KIO. Janney Montgomery Scott LLC increased its position in shares of KKR Income Opportunities Fund by 1.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 450,490 shares of the investment management company’s stock valued at $5,221,000 after acquiring an additional 5,128 shares during the period. Balyasny Asset Management L.P. purchased a new stake in KKR Income Opportunities Fund during the 4th quarter valued at about $3,512,000. Kovack Advisors Inc. increased its holdings in shares of KKR Income Opportunities Fund by 43.4% in the fourth quarter. Kovack Advisors Inc. now owns 157,883 shares of the investment management company’s stock valued at $1,830,000 after purchasing an additional 47,768 shares during the period. Landscape Capital Management L.L.C. raised its stake in shares of KKR Income Opportunities Fund by 19.6% in the fourth quarter. Landscape Capital Management L.L.C. now owns 65,131 shares of the investment management company’s stock worth $755,000 after purchasing an additional 10,692 shares during the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of KKR Income Opportunities Fund by 12.1% in the second quarter. Baird Financial Group Inc. now owns 41,236 shares of the investment management company’s stock worth $518,000 after purchasing an additional 4,450 shares during the last quarter.

About KKR Income Opportunities Fund

(Get Free Report)

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.

Further Reading

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