In trading on Tuesday, shares of the First Trust New York Municipal High Income ETF (FMNY) reached an oversold status, trading as low as $26.58 per share. The Relative Strength Index (RSI) for FMNY registered at 26.6, indicating significant selling pressure, compared to an RSI of 50.1 for the S&P 500.
The ETF’s 52-week range demonstrates volatility, with a low of $25.61 and a high of $27.22. Currently, FMNY is trading down approximately 0.3% for the day, closing at $26.57.
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