KKR Income Opportunities Fund (NYSE:KIO) Stock Crosses Above 50 Day Moving Average – What’s Next?

KKR Income Opportunities Fund (NYSE:KIO) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $11.21 and traded as high as $11.26. KKR Income Opportunities Fund shares last traded at $11.1050, with a volume of 85,627 shares.

KKR Income Opportunities Fund Stock Performance

The company’s fifty day moving average price is $11.20 and its two-hundred day moving average price is $11.58.

KKR Income Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.1215 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 13.1%.

Insider Buying and Selling

In other KKR Income Opportunities Fund news, CFO Justin Takao sold 14,807 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $11.72, for a total value of $173,538.04. Following the transaction, the chief financial officer owned 6,456 shares of the company’s stock, valued at approximately $75,664.32. The trade was a 69.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge Funds Weigh In On KKR Income Opportunities Fund

A number of institutional investors and hedge funds have recently bought and sold shares of KIO. EverSource Wealth Advisors LLC boosted its stake in KKR Income Opportunities Fund by 59.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,971 shares of the investment management company’s stock worth $34,000 after purchasing an additional 1,103 shares in the last quarter. Blue Trust Inc. increased its position in KKR Income Opportunities Fund by 10,475.0% in the 4th quarter. Blue Trust Inc. now owns 6,345 shares of the investment management company’s stock valued at $74,000 after acquiring an additional 6,285 shares in the last quarter. AdvisorNet Financial Inc increased its position in KKR Income Opportunities Fund by 52.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 5,962 shares of the investment management company’s stock valued at $75,000 after acquiring an additional 2,057 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in KKR Income Opportunities Fund in the 4th quarter valued at about $88,000. Finally, Anfield Capital Management LLC acquired a new stake in KKR Income Opportunities Fund in the 3rd quarter valued at about $100,000.

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.