KIO Stock Summary and Trading Ideas (KKR Income Opportunities Common Shares | NYSE:KIO)

The Fund’s primary investment objective is to seek a high level of current income with a secondary objective of capital appreciation. The Fund seeks to achieve its investment objectives by employing a dynamic strategy of investing in a targeted portfolio of loans and fixed-income instruments (including derivatives) of U.S. and non-U.S. issuers and implementing hedging strategies in order to seek to achieve attractive risk-adjusted returns. Under normal market conditions, KIO will invest at least 80% of its Managed Assets in loans and fixed-income instruments or other instruments, including derivative instruments, with similar economic characteristics. The Fund expects to invest primarily in first- and second lien secured loans, unsecured loans and high-yield corporate debt instruments of varying maturities.

KKR Income Opportunities Common Shares trades on the NYSE stock market under the symbol KIO.

As of April 24, 2024, KIO stock price declined to $13.24 with 74,713 million shares trading.

KIO has a beta of 0.55, meaning it tends to be less sensitive to market movements. KIO has a correlation of 0.31 to the broad based SPY ETF.

KIO has a market cap of $359.07 million. This is considered a Small Cap stock.

In the last 3 years, KIO stock traded as high as $17.05 and as low as $10.29.

KIO has outperformed the market in the last year with a price return of +32.4% while the SPY ETF gained +24.0%. KIO has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +8.2% and -1.2%, respectively, while the SPY returned +4.4% and -2.9%, respectively.

KIO support price is $13.23 and resistance is $13.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KIO stock will trade within this expected range on the day.