On Tuesday, shares of the Infrastructure Capital Bond Income ETF (BNDS) entered oversold territory, trading as low as $48.87 per share. According to the Relative Strength Index (RSI), which measures momentum on a scale of zero to 100, BNDS registered an RSI reading of 24.3, indicating it is oversold (any reading below 30). In contrast, the RSI for the S&P 500 stands at 46.9.
The 52-week performance for BNDS shows a low point of $48.87 and a high of $51.78, with its last trade recorded at $48.89, reflecting a decrease of approximately 0.3% on the day. Bullish investors might interpret the low RSI as a sign that recent selling pressures are waning, potentially presenting buying opportunities.
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