Invesco Variable Rate Preferred ETF (Symbol: VRP) shares fell to $25.26 on Friday, entering oversold territory with a Relative Strength Index (RSI) reading of 28.1, below the oversold threshold of 30. In comparison, the S&P 500 has an RSI reading of 25.4.
VRP’s 52-week low is $25.21, with a high of $26.50. Currently, shares are trading down approximately 0.3% at $25.31.
Investors may view the RSI reading as a potential signal for buying opportunities as heavy selling appears to be subsiding.
