On Friday, shares of the Franklin Municipal Income ETF (FTMU) fell to an oversold level, trading as low as $7.625 per share. The Relative Strength Index (RSI) for FTMU was reported at 29.5, indicating heavy selling pressure, while the S&P 500’s RSI was at 56.1.
FTMU’s 52-week performance shows a low of $7.62 and a high of $7.995. The ETF is currently down approximately 0.1% for the day.
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