Shares of Virtus AllianzGI Convertible & Income Fund of Beneficial Interest (NYSE:NCV) traded at a new 52-week high today of $6.29. Approximately 98,000 shares have changed hands today, as compared to an average 30-day volume of 278,000 shares.
Virtus AllianzGI Convertible & Income Fund of Beneficial Interest has overhead space with shares priced $6.29, or 0.7% below the 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.
In the past 52 weeks, Virtus AllianzGI Convertible & Income Fund of Beneficial Interest share prices are bracketed by a low of $4.41 and a high of $6.29 and is now at $6.29, 43% above that low price.
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