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On Friday, ProShares Short S&P500 ETF (Symbol: SH) shares reached an oversold territory, trading as low as $37.50 per share. The Relative Strength Index (RSI) for SH hit 29.4, signaling heavy selling, while the S&P 500’s RSI is substantially higher at 72.2.
SH’s 52-week low stands at $37.46, with a high of $51.3706, and the last trade was $37.58, reflecting a decrease of about 0.2% on the day.
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