On Friday, shares of the ProShares Short SmallCap600 ETF (Symbol: SBB) reached an oversold state, trading as low as $12.045 per share. The Relative Strength Index (RSI) for SBB recorded a value of 29.7, indicating it is oversold, while the S&P 500’s RSI stands at 68.4. A stock is considered oversold when its RSI is below 30.
SBB’s performance shows a 52-week low of $12 per share, with a high of $16.8699. Currently, the ETF is down approximately 0.6% for the day, trading at around $12.06.
