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Is Virtus Allianzgi Convrtbl & Inc Fd II (NCZ) a Stock to Watch After Gaining 0.59% This Week?

Wednesday, December 08, 2021 10:36 AM | InvestorsObserver Analysts
Is Virtus Allianzgi Convrtbl & Inc Fd II (NCZ) a Stock to Watch After Gaining 0.59% This Week?

Overall market sentiment has been high on Virtus Allianzgi Convrtbl & Inc Fd II (NCZ) stock lately. NCZ receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Virtus Allianzgi Convrtbl & Inc Fd II has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NCZ!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With NCZ Stock Today?

Virtus Allianzgi Convrtbl & Inc Fd II (NCZ) stock is trading at $5.13 as of 10:29 AM on Wednesday, Dec 8, a gain of $0.05, or 0.98% from the previous closing price of $5.08. The stock has traded between $5.13 and $5.18 so far today. Volume today is below average. So far 79,522 shares have traded compared to average volume of 394,040 shares.

More About Virtus Allianzgi Convrtbl & Inc Fd II

The Funds investment objective is to provide total return through a combination of capital appreciation and high current income. The Fund will invest at least 80% of its total assets in a diversified portfolio of convertible securities and non-convertible income-producing securities. It may invest up to 20% of its total assets in other types of securities. Under normal market conditions, it will invest at least 50% of its total assets in convertible securities. The Fund may invest without limit in securities that are below investment grade quality and expects that ordinarily it will primarily invest in these securities. It may invest up to 20% of its total assets in U.S. dollar-denominated securities of foreign issuers based in developed countries. Click Here to get the full Stock Report for Virtus Allianzgi Convrtbl & Inc Fd II stock.

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