In trading on Friday, September 29, 2023, shares of the ProShares Short Real Estate ETF (REK) reached an oversold status, trading as low as $15.6012 per share. The ETF’s Relative Strength Index (RSI) fell to 28.9, indicating potential exhaustion from recent heavy selling, while the S&P 500’s RSI stood at 72.1.
REK’s 52-week performance shows a low of $15.6012 and a high of $17.9781. As of the last trade at $15.63, ProShares Short Real Estate shares were down about 1.6% for the day. Investors may view the current RSI reading as an opportunity for future buying.
