KKR Income Opportunities Fund (NYSE:KIO) Stock Short Interest Report for September

KKR Income Opportunities Fund (NYSE:KIO) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 56,787 shares, a decline of 75.2% from the September 15th total of 228,555 shares. Based on an average trading volume of 218,684 shares, the short-interest ratio is currently 0.3 days.

KKR Income Opportunities Fund Price Performance

Shares of NYSE KIO traded down $0.10 during midday trading on Monday, reaching $10.04. 364,545 shares of the company traded hands, compared to its average volume of 226,557. The stock has a 50-day moving average price of $10.80 and a 200 day moving average price of $11.04. KKR Income Opportunities Fund has a 52 week low of $10.02 and a 52 week high of $12.20.

KKR Income Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Friday, December 11th will be given a $0.1215 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 14.5%. The ex-dividend date is Friday, December 11th.

Hedge Funds Weigh In On KKR Income Opportunities Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new position in KKR Income Opportunities Fund during the second quarter worth about $3,919,000. Sanctuary Advisors LLC bought a new stake in KKR Income Opportunities Fund in the second quarter worth about $257,000. BlackRock Inc. bought a new stake in KKR Income Opportunities Fund in the second quarter worth about $154,000. Joseph P. Lucia & Associates LLC acquired a new stake in KKR Income Opportunities Fund in the 2nd quarter valued at about $1,126,000. Finally, Global Retirement Partners LLC acquired a new stake in KKR Income Opportunities Fund in the 2nd quarter valued at about $42,000.

About KKR Income Opportunities Fund

KKR Income Opportunities Fund (NYSE: KIO) is a non-diversified, closed-end management investment company that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The fund invests in a portfolio of income-producing credit instruments rather than operating a traditional business.

Its investments generally include senior secured loans, corporate debt, high-yield bonds and other fixed-income securities. The fund may also invest in structured credit and other credit-related instruments, including securities issued by companies with below-investment-grade credit ratings.