Defensive, dividend-paying ETFs that were popular last year in volatile markets are now trading at the their lowest levels in weeks, as investors seem to be focusing on pockets of the markets with greater risk and potential for profit, according to an article on Nasdaq.

The S&P Dividends SPDR ETF (NYSEArca: SDY), iShares Dow Jones Select Dividend Index Fund ETF (NYSEArca: DVY) and the First Trust Value Line Dividend Index ETF (NYSEArca: FVD) have traveled into oversold territory as selling pressure continues to mount for these funds, according to the article from Nasdaq’s internal service “Trading Markets.”

Keep an eye on the funds, as the defensive markets they track are expected to reach a short-term bottom that will lead to a reversal, the report said.

Go to Nasdaq.com for additional information.