KKR Income Opportunities Fund (NYSE:KIO) Shares Pass Above Fifty Day Moving Average of $11.31

KKR Income Opportunities Fund (NYSE:KIOGet Rating)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $11.31 and traded as high as $11.52. KKR Income Opportunities Fund shares last traded at $11.43, with a volume of 62,678 shares.

KKR Income Opportunities Fund Stock Down 0.2 %

The stock has a fifty day simple moving average of $11.31 and a 200 day simple moving average of $11.96.

KKR Income Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 13th will be paid a $0.105 dividend. The ex-dividend date is Thursday, January 12th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 11.02%.

Hedge Funds Weigh In On KKR Income Opportunities Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. SeaCrest Wealth Management LLC bought a new stake in shares of KKR Income Opportunities Fund in the second quarter worth about $84,000. Matisse Capital bought a new stake in KKR Income Opportunities Fund during the second quarter worth approximately $116,000. Walleye Capital LLC bought a new stake in KKR Income Opportunities Fund during the second quarter worth approximately $121,000. Aries Wealth Management bought a new stake in KKR Income Opportunities Fund during the second quarter worth approximately $123,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of KKR Income Opportunities Fund during the first quarter valued at approximately $144,000.

KKR Income Opportunities Fund Company Profile

(Get Rating)

KKR Income Opportunities Fund is a close ended fixed income mutual fund launched by Kohlberg Kravis Roberts & Co L.P. The fund is managed by KKR Asset Management LLC. It invests in fixed income markets and hedging markets across the globe. The fund primarily invests in first- and second-lien secured loans, unsecured loans and high yield corporate debt instruments.

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