Virtus AllianzGI Convertible & Income Fund of Beneficial Interest (NYSE:NCV) traded today at a new 52-week high of $6.40. This new high was reached on below average trading volume as 141,000 shares traded hands, while the average 30-day volume is approximately 285,000 shares.
Virtus AllianzGI Convertible & Income Fund of Beneficial Interest (NYSE:NCV) is currently priced 0.9% above its average consensus analyst price target of $6.33.
Virtus AllianzGI Convertible & Income Fund is a diversified, closed-end management investment company. Its investment objective is to provide total return through a combination of capital appreciation and high current income. It intends to achieve the objective by investing in a portfolio of domestic convertible securities and non-convertible income-producing securities. Its portfolio of investments includes different sector investments such as in aerospace and defense, healthcare services, oil, gas, and consumable fuels, telecommunications, and others.
Over the past year, Virtus AllianzGI Convertible & Income Fund of Beneficial Interest has traded in a range of $4.76 to $6.40 and is now at $6.39, 34% above that low.
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