In trading on Tuesday, shares of the VanEck BDC Income ETF (BIZD) fell to $13.34, entering oversold territory with a Relative Strength Index (RSI) reading of 27.9—below the threshold of 30 that indicates an asset is oversold. In comparison, the S&P 500’s RSI stands at 49.8.
The ETF’s performance over the past year shows a low of $13.34 and a high of $17.8565, with the latest trade at $13.44, reflecting a decline of approximately 2.5% on the day. Investors may view the low RSI as a potential entry point for buying as selling pressure subsides.
