Shares of Virtus AllianzGI Convertible & Income Fund of Beneficial Interest (NYSE:NCV) traded at a new 52-week high today of $6.32. This new high was reached on approximately average trading volume as 242,000 shares traded hands, while the average 30-day volume is approximately 275,000 shares.
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.
Virtus AllianzGI Convertible & Income Fund of Beneficial Interest (NYSE:NCV) has potential upside of 0.6% based on a current price of $6.30 and analysts’ consensus price target of $6.33.
In the past 52 weeks, Virtus AllianzGI Convertible & Income Fund of Beneficial Interest share prices are bracketed by a low of $4.51 and a high of $6.32 and is now at $6.30, 40% above that low price.
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