KKR Income Opportunities Fund (NYSE:KIO) Shares Pass Below 200-Day Moving Average – What’s Next?

KKR Income Opportunities Fund (NYSE:KIO)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.00 and traded as low as $13.11. KKR Income Opportunities Fund shares last traded at $13.27, with a volume of 139,411 shares changing hands.

KKR Income Opportunities Fund Trading Down 0.5 %

The stock’s fifty day moving average is $13.54 and its two-hundred day moving average is $13.99.

KKR Income Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be given a dividend of $0.1215 per share. This represents a $1.46 dividend on an annualized basis and a yield of 11.05%. The ex-dividend date of this dividend is Friday, January 10th.

Institutional Trading of KKR Income Opportunities Fund

A number of hedge funds have recently made changes to their positions in the business. Creative Planning acquired a new stake in shares of KKR Income Opportunities Fund during the 3rd quarter worth about $182,000. Plotkin Financial Advisors LLC acquired a new position in shares of KKR Income Opportunities Fund in the third quarter valued at approximately $191,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of KKR Income Opportunities Fund by 48.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 15,804 shares of the investment management company’s stock worth $233,000 after purchasing an additional 5,174 shares during the period. PFG Investments LLC acquired a new stake in KKR Income Opportunities Fund during the 3rd quarter worth approximately $249,000. Finally, Commonwealth Equity Services LLC boosted its stake in KKR Income Opportunities Fund by 9.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 17,307 shares of the investment management company’s stock valued at $237,000 after purchasing an additional 1,498 shares during the period.

KKR Income Opportunities Fund Company Profile

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.