KKR Income Opportunities Fund (NYSE:KIO) Shares Pass Above 50-Day Moving Average – Here’s What Happened

KKR Income Opportunities Fund (NYSE:KIO) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.27 and traded as high as $11.38. KKR Income Opportunities Fund shares last traded at $11.3630, with a volume of 225,375 shares changing hands.

KKR Income Opportunities Fund Stock Down 0.6%

The business has a fifty day moving average price of $11.27 and a 200 day moving average price of $11.32.

KKR Income Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be paid a $0.1215 dividend. The ex-dividend date is Friday, September 11th. This represents a c) annualized dividend and a yield of 12.8%.

Hedge Funds Weigh In On KKR Income Opportunities Fund

Several hedge funds have recently made changes to their positions in KIO. CoreCap Advisors LLC raised its holdings in shares of KKR Income Opportunities Fund by 2,491.1% in the second quarter. CoreCap Advisors LLC now owns 10,520 shares of the investment management company’s stock valued at $118,000 after purchasing an additional 10,114 shares during the last quarter. Bank of America Corp DE boosted its holdings in KKR Income Opportunities Fund by 8.6% during the first quarter. Bank of America Corp DE now owns 341,918 shares of the investment management company’s stock worth $3,761,000 after purchasing an additional 27,215 shares during the last quarter. Cetera Investment Advisers grew its position in KKR Income Opportunities Fund by 5.0% in the first quarter. Cetera Investment Advisers now owns 96,405 shares of the investment management company’s stock valued at $1,060,000 after purchasing an additional 4,565 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in KKR Income Opportunities Fund in the first quarter valued at $112,000. Finally, Fifth Third Bancorp acquired a new stake in KKR Income Opportunities Fund in the 1st quarter valued at $438,000.

About KKR Income Opportunities Fund

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.