First Trust Institutional Preferred Securities and Income Getting Very Oversold
February 27, 2020 at 16:00 PM EST
In trading on Thursday, shares of the First Trust Institutional Preferred Securities and Income ETF (FPEI) entered into oversold territory, changing hands as low as $19.96 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100..