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PHYL Crosses Below Key Moving Average Level
Shares of the PGIM Active High Yield Bond ETF (PHYL) recently crossed below their 200-day moving average of $35.42, trading as low as $35.26. The ETF’s shares were down approximately 0.8% on the day. This event marks a potential technical indicator for investors, as the share price is now below a commonly watched long-term trend line.