In trading on Thursday, shares of the First Trust Senior Loan Fund ETF (Symbol: FTSL) fell to $44.77 per share, entering oversold territory, as indicated by a Relative Strength Index (RSI) reading of 28.5. An asset is considered oversold when the RSI drops below 30; for comparison, the S&P 500’s RSI is currently 49.8.
FTSL’s price is close to its 52-week low of $44.30, with a high of $46.19. The shares are trading down approximately 0.2% for the day, potentially signaling buying opportunities as recent heavy selling may be exhausting.
