KKR Income Opportunities Fund (NYSE: KIO – Get a rating) was the target of significant short-term interest growth in May. As of May 31, there were short interests totaling 22,800 shares, a growth of 178.0% from the May 15 total of 8,200 shares. Based on an average trading volume of 79,700 shares, the short-term interest rate ratio is currently 0.3 days.
A number of large investors have recently bought and sold shares of KIO. Ahrens Investment Partners LLC bought a new equity position in the KKR Income Opportunities Fund in the fourth quarter for a value of approximately $80,000. Future Financial Wealth Management LLC bought a new equity position in the KKR Income Opportunities Fund in the fourth quarter for a value of approximately $125,000. Envestnet Asset Management Inc. bought a new equity position in the KKR Income Opportunities Fund in the first quarter for a value of approximately $144,000. Wolverine Asset Management LLC bought a new equity position in the KKR Income Opportunities Fund in the first quarter for a value of approximately $180,000. Finally, Oppenheimer & Co. Inc. increased its stake in shares of the KKR Income Opportunities Fund by 21.6% in the first quarter. Oppenheimer & Co. Inc. now owns 14,050 shares of the investment management company worth $203,000 after buying an additional 2,500 shares last quarter.
NYSE: KIO opened at $12.49 on Friday. KKR Income Opportunities Fund has a 1-year low of $12.31 and a 1-year high of $17.05. The company’s 50-day simple moving average is $13.36 and its 200-day simple moving average is $14.78.
The company also recently disclosed a monthly dividend, which will be paid on Friday, July 29. Investors of record on Friday, July 15 will receive a dividend of $0.105 per share. This represents an annualized dividend of $1.26 and a yield of 10.09%. The ex-dividend date is Thursday July 14.
About KKR Income Opportunities Fund (Get a rating)
KKR Income Opportunities Fund is a closed end bond mutual fund launched by Kohlberg Kravis Roberts & Co LP. The fund is managed by KKR Asset Management LLC. It invests in bond markets and hedging markets around the world. The fund invests primarily in senior and junior secured loans, unsecured loans and high yield corporate debt securities.
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