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Business Wire (Wed, 4-Mar 5:05 PM ET)
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 April 7, 2026, NIE stock price declined to $23.63 with 46,172 million shares trading.
NIE has a beta of 0.92, meaning it tends to be less sensitive to market movements. NIE has a correlation of 0.91 to the broad based SPY ETF.
NIE has a market cap of $654.76 million. This is considered a Small Cap stock.
In the last 3 years, NIE traded as high as $26.00 and as low as $18.54.
NIE has underperformed the market in the last year with a return of +30.7%, while the SPY ETF gained +31.9%. In the last 3 month period, NIE fell short of the market, returning -4.6%, while SPY returned -4.5%. However, in the most recent 2 weeks NIE has outperformed the stock market by returning +0.8%, while SPY returned +0.6%.
NIE support price is $23.32 and resistance is $24.00 (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.
