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On Monday, shares of the Invesco Variable Rate Preferred ETF (Symbol: VRP) reached an oversold status, trading as low as $24.3009 per share. The Relative Strength Index (RSI) for VRP is currently at 26.3, indicating heavy selling exhaustion, while the S&P 500 has an RSI of 46.1.
For context, VRP’s 52-week trading range spans from a low of $23.03 to a high of $24.93, with the last trade reported at $24.32. The ETF has experienced a decline of approximately 0.8% for the day.
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