On Thursday, shares of the SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (HYMB) fell to $47.37, entering oversold territory, as indicated by a Relative Strength Index (RSI) reading of 26.3. A stock is deemed oversold when the RSI falls below 30. For context, the S&P 500 has an RSI of 32.3.
Over the past year, HYMB’s 52-week range is between $47.37 and $60.19, with the most recent trade at $47.54, reflecting a decline of approximately 1.7% on the day.
