FTHI Shares Reach Oversold Condition

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On Friday, shares of the First Trust BuyWrite Income ETF (Symbol: FTHI) fell to $22.81 per share, entering oversold territory with a Relative Strength Index (RSI) of 29.2, below the threshold of 30. In comparison, the S&P 500’s RSI stands at 37.1.

The ETF’s performance shows a 52-week range with a low of $19.07 and a high of $24.09, indicating a last trade valuation of $22.90. Shares are currently down about 0.9% for the day.

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