iShares Paris-Aligned Climate MSCI USA ETF Hits Oversold Level

On Thursday, shares of the iShares Paris-Aligned Climate MSCI USA ETF (Symbol: PABU) dropped to an oversold status, reaching a low of $59.42 per share. The Relative Strength Index (RSI), a technical analysis tool that measures momentum on a scale from zero to 100, defines oversold territory as an RSI reading below 30. Currently, PABU registers an RSI of 28.4, aligning it with the S&P 500’s RSI of 28.4.

This low RSI may encourage bullish investors to interpret this situation as a potential signal that the recent heavy selling of PABU may be nearing its end, prompting them to seek buying opportunities.

Analyzing the ETF’s one-year performance indicates that PABU’s low point in the 52-week range is $53.17 per share, while its high was $67.63. With the last trade recorded at $59.42, PABU shares are currently down approximately 1.7% for the day.

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• GAIN shares outstanding history
• Institutional Holders of FFKT

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