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On Thursday, shares of the iShares Preferred and Income Securities ETF (Symbol: PFF) entered oversold territory, trading as low as $30.295 per share. The Relative Strength Index (RSI) for PFF has reached 27.1, indicating oversold conditions, while the S&P 500 has an RSI of 37.0.
PFF’s 52-week low is $28.70 and its high is $32.98. The ETF is currently down approximately 0.6% on the day, with the last trade at $30.31. Investors may see the low RSI as a potential buying opportunity amidst recent heavy selling.
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