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The fund’s investment objective is to provide total return through a combination of capital appreciation and high current income. The Funds attempt to achieve this objective by investing in a portfolio of convertible securities and non-convertible income-producing securities.
Allianzgi Equity & Conv trades on the NYSE stock market under the symbol NIE.
As of March 12, 2026, NIE stock price declined to $24.47 with 24,259 million shares trading.
NIE has a beta of 0.93, meaning it tends to be less sensitive to market movements. NIE has a correlation of 0.89 to the broad based SPY ETF.
NIE has a market cap of $678.04 million. This is considered a Small Cap stock.
In the last 3 years, NIE traded as high as $26.00 and as low as $18.25.
NIE has underperformed the market in the last year with a price return of +20.3% while the SPY ETF gained +21.6%. However, in the short term, NIE had mixed performance relative to the market. It has outperformed in the last 3 months, returning -0.8% vs -2.7% return in SPY. But in the last 2 weeks, NIE shares have been beat by the market, returning -4.7% compared to an SPY return of -3.5%.
NIE support price is $24.61 and resistance is $25.21 (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 NIE shares will trade within this expected range on the day.
