Is it Time to Dump Virtus Convertible & Income Fund (NCV) Stock After it Is Up 1.22% in a Week?

The market has been high on Virtus Convertible & Income Fund (NCV) stock recently. NCV gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Virtus Convertible & Income Fund has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NCV!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With NCV Stock Today?

Virtus Convertible & Income Fund (NCV) stock is unchanged 0% while the S&P 500 is up 0.28% as of 10:37 AM on Wednesday, Mar 27. NCV is flat $0.00 from the previous closing price of $3.31 on volume of 381,801 shares. Over the past year the S&P 500 is higher by 31.19% while NCV is up 2.16%. NCV earned $0.08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 43.14.

More About Virtus Convertible & Income Fund

The Fund seeks total return through a combination of capital appreciation and high current income. The Fund will achieve its object through a combination of capital appreciation and high current income. There is no guarantee that the Fund will achieve its investment objective. The use of leverage currently enables the Fund to have a blended capital structure combining long-term fixed rates and short-term variable rates which allows the Fund to seek to enhance the yields on its investments. As of July 31, 2022, the Funds leverage consisted of $323.3 million of borrowings made pursuant to longer-term preferred shares, which represented approximately 45% of the Funds total assets. Click Here to get the full Stock Report for Virtus Convertible & Income Fund stock.