Short Interest in KKR Income Opportunities Fund (NYSE:KIO) Declines By 44.0%

KKR Income Opportunities Fund (NYSE:KIO – Get Rating) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 17,800 shares, a drop of 44.0% from the April 30th total of 31,800 shares. Based on an average daily volume of 179,000 shares, the short-interest ratio is currently 0.1 days.

KKR Income Opportunities Fund Stock Up 0.6 %

NYSE:KIO opened at $11.00 on Friday. The company has a 50-day moving average of $10.92 and a 200-day moving average of $11.22. KKR Income Opportunities Fund has a 52 week low of $10.29 and a 52 week high of $13.10.

KKR Income Opportunities Fund Dividend Announcement

The company also recently declared a — dividend, which will be paid on Monday, July 31st. Investors of record on Friday, July 14th will be issued a dividend of $0.1215 per share. This represents a yield of 13.2%. The ex-dividend date is Thursday, July 13th.

Hedge Funds Weigh In On KKR Income Opportunities Fund

Several institutional investors have recently added to or reduced their stakes in KIO. Clough Capital Partners L P bought a new position in shares of KKR Income Opportunities Fund in the first quarter worth about $7,797,000. UBS Group AG grew its position in shares of KKR Income Opportunities Fund by 54.8% during the 1st quarter. UBS Group AG now owns 756,335 shares of the investment management company’s stock worth $8,305,000 after buying an additional 267,769 shares during the period. Envestnet Asset Management Inc. acquired a new stake in shares of KKR Income Opportunities Fund during the 3rd quarter worth approximately $1,530,000. Consolidated Portfolio Review Corp acquired a new stake in shares of KKR Income Opportunities Fund during the 1st quarter worth approximately $1,246,000. Finally, Advisors Asset Management Inc. grew its position in shares of KKR Income Opportunities Fund by 144.9% during the 4th quarter. Advisors Asset Management Inc. now owns 142,919 shares of the investment management company’s stock worth $1,574,000 after buying an additional 84,565 shares during the period.

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.