In trading on Monday, shares of the iShares Broad USD High Yield Corporate Bond ETF (Symbol: USHY) fell to $37.08 per share, entering oversold territory with a Relative Strength Index (RSI) reading of 29.8. An asset is deemed oversold when its RSI drops below 30, indicating potential exhaustion of recent selling pressures. In contrast, the S&P 500’s RSI sits at 45.6.
The one-year performance range for USHY shows a low of $34.9013 and a high of $37.8665, with the last trade reported at $37.12. The ETF is currently down about 0.7% on the day.
