Traders are a little more bearish on KKR Income Opportunities Fund recently if you pay attention to the change in short interest. The company saw a rise in short interest between August 15, 2017 and August 31, 2017 of 99.81%. Short interest grew 9,651 over that period.
These funds have shifted positions in (KIO). Ubs Group Ag added to its investment by buying 4,659 shares an increase of 2.6% in the quarter. Ubs Group Ag claims 184,428 shares worth $3,226,000. The total value of its holdings increased 5.5%. Capital Investment Advisors, LLC cut its position by shedding 799 shares a decrease of 1.1%. Capital Investment Advisors, LLC currently owns 71,950 shares with a value of $1,258,000. The value of the position overall is up by 1.7%.
As of quarter end Shaker Financial Services, LLC had disposed of a total of 26,447 shares trimming its holdings by 54.1%. The value of the investment in KIO went from $832,000 to $393,000 decreasing 52.8% quarter to quarter. Commonwealth Equity Services, Inc downsized its holdings by selling 157 shares a decrease of 0.1% as of 06/30/2017. Commonwealth Equity Services, Inc now controls 115,037 shares valued at $2,012,000. The value of the position overall is up by 2.7%.
The company is down since yesterday’s close of 17.5. The company also announced a dividend for shareholders which will be paid on Tuesday the 31st of October 2017. The dividend will be $0.375 per share for the quarter or $1.50 on an annualized basis. This dividend represents a yield of $8.42. The ex-dividend date has been established as Thursday the 10th of August 2017.
The stock is trading at $17.47 which is marginally over the 50 day moving average of $17.46 and which is just a bit higher than the 200 day moving average of $17.38. The 50 day moving average was up $0.01 and the 200 day average went up $0.09 or +0.51%.
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. It employs fundamental analysis, with a focus on dynamic hedging strategies to create its portfolio. KKR Income Opportunities Fund was formed on March 17, 20133 and is domiciled in the United States..