On Monday, shares of the Invesco Senior Loan ETF (BKLN) traded as low as $20.49, entering oversold territory with a Relative Strength Index (RSI) of 23.5—indicating heavy selling pressure. For context, an RSI below 30 suggests a stock is oversold; the S&P 500 currently has an RSI of 46.0.
BKLN’s 52-week range shows a low of $20.02 and a high of $21.07, with the latest trade at $20.48, reflecting a 0.7% decrease on the day. Investors may view the low RSI reading as a potential buying opportunity as the selling appears to be exhausting.
