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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 13, 2026, NIE stock price declined to $24.37 with 54,241 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 0.90 to the broad based SPY ETF.
NIE has a market cap of $675.27 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 outperformed the market in the last year with a return of +21.9%, while the SPY ETF gained +19.8%. In the last 3 month period, NIE beat the market returning -0.3%, while SPY returned -2.6%. However, in the most recent 2 weeks NIE has underperformed the stock market by returning -4.7%, while SPY returned -3.9%.
NIE support price is $24.07 and resistance is $24.69 (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.
