On Wednesday, shares of the Eaton Vance Intermediate Municipal Income ETF (EVIM) fell to $52.65, entering oversold territory with a Relative Strength Index (RSI) reading of 29.2, below the threshold of 30. In comparison, the S&P 500’s RSI is at 49.0, indicating stronger market momentum.
The ETF’s 52-week trading range has seen a low of $51.02 and a high of $54.21, with current trading down approximately 0.2% for the day. Investors may perceive the low RSI as a potential buying opportunity amid the recent heavy selling.
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