Will KKR Income Opportunities Fund (KIO) Short Squeeze Soon? The Stock Formed a Multiple Bottom

February 15, 2018 - By Ellis Scott

Investors sentiment decreased to 1.08 in Q3 2017. Its down 0.37, from 1.45 in 2017Q2. It turned negative, as 5 investors sold KKR Income Opportunities Fund shares while 7 reduced holdings. 3 funds opened positions while 10 raised stakes. 2.71 million shares or 4.07% more from 2.61 million shares in 2017Q2 were reported.
Morgan Stanley holds 0% of its portfolio in KKR Income Opportunities Fund (NYSE:KIO) for 644,386 shares. Royal Bank & Trust Of Canada holds 0% or 35,728 shares in its portfolio. Bancorporation Of America Corp De accumulated 0% or 140,774 shares. Sigma Planning accumulated 0.06% or 42,659 shares. Whittier Tru has invested 0% in KKR Income Opportunities Fund (NYSE:KIO). Next Gp, a Texas-based fund reported 550 shares. Invesco has 0% invested in KKR Income Opportunities Fund (NYSE:KIO) for 527,567 shares. Wells Fargo Mn has 271,390 shares. Northwestern Mutual Wealth Management Co stated it has 1,700 shares or 0% of all its holdings. Cambridge Invest reported 0% of its portfolio in KKR Income Opportunities Fund (NYSE:KIO). First Manhattan holds 15 shares. Citigroup reported 3,000 shares stake. Bessemer Gru Inc reported 160,052 shares stake. Sit Invest Associate Inc has invested 0.03% of its portfolio in KKR Income Opportunities Fund (NYSE:KIO). Commonwealth Equity Svcs holds 97,394 shares.

The stock of KKR Income Opportunities Fund (KIO) shows a multiple bottoms pattern with $15.16 target or 3.00 % below today’s $15.63 share price. The 9 months chart pattern indicates high risk for the $ company. It was reported on Feb, 15 by Finviz.com. If the $15.16 price target is reached, the company will be worth $ less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 0.21% or $0.0328 during the last trading session, reaching $15.6328. About 45,616 shares traded. KKR Income Opportunities Fund (NYSE:KIO) has risen 18.22% since February 15, 2017 and is uptrending. It has outperformed by 1.52% the S&P500.

More notable recent KKR Income Opportunities Fund (NYSE:KIO) news were published by: Businesswire.com which released: “KKR Income Opportunities Fund Declares Special Distribution of $0.050 Per …” on December 19, 2017, also Seekingalpha.com with their article: “Weekly Fund Spotlight: KKR Income Opportunities Fund” published on December 12, 2017, Businesswire.com published: “KKR Income Opportunities Fund Announces the Results of Its Rights Offering” on November 20, 2017. More interesting news about KKR Income Opportunities Fund (NYSE:KIO) were released by: Seekingalpha.com and their article: “KIO Rights Offering: Analysis And Thoughts” published on November 06, 2017 as well as Businesswire.com‘s news article titled: “KKR Income Opportunities Fund Announces Terms of Rights Offering” with publication date: October 12, 2017.

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