Avantis Core Fixed Income ETF Enters Oversold Territory

On Friday, trading saw shares of the Avantis Core Fixed Income ETF (Symbol: AVIG) fall into oversold territory, reaching a low of $40.06 per share. Oversold conditions are identified using the Relative Strength Index (RSI), a technical analysis tool that measures market momentum on a scale from zero to 100. A stock is classified as oversold when its RSI drops below 30.

For Avantis Core Fixed Income, the RSI has recently recorded a reading of 29.7. In comparison, the S&P 500’s RSI is at 39.6. This lower RSI figure may attract bullish investors, suggesting that the significant selling pressure might be easing. Such investors could see this as an opportunity to seek entry points for potential purchases.

Analyzing a year-long performance chart of AVIG (provided below), we observe that the ETF has a low of $39.91 within its 52-week range and a high of $42.76. The latest trade price stands at $40.13, indicating a day-over-day decline of about 1.2%.

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Also see:

• Institutional Holders of USSE
• Institutional Holders of CMN
• Funds Holding LHX

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