PHYL Stock Summary and Trading Ideas (Pgim Active High Yield Bond ETF | ARCA:PHYL)

The Fund seeks to achieve its investment objective by investing primarily in a portfolio of high yield bonds (commonly referred to as junk bonds) of companies or governments. Under normal market conditions, the Fund invests at least 80% of its investable assets in a diversified portfolio of high yield bonds that are below investment grade and other investments (including derivatives) with similar economic characteristics. The term below investment grade refers to instruments either rated Ba1 or lower by Moody s Investors Service (Moody s), BB+ or lower by S&P Global Ratings (S& P) or Fitch, Inc. (Fitch), or comparably rated by another nationally recognized statistical rating organization (NRSRO), or, if unrated, considered by the Subadviser to be of comparable quality. The term investable assets refers to the Funds net assets plus any borrowings for investment purposes. The Funds investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. The Fund is an actively managed exchange traded fund (ETF) and, thus, does not seek to replicate the performance of a specified index.

Pgim Active High Yield Bond ETF trades on the ARCA stock market under the symbol PHYL.

As of April 18, 2024, PHYL stock price was flat at $34.00 with 7,061 million shares trading.

PHYL has a beta of 0.39, meaning it tends to be less sensitive to market movements. PHYL has a correlation of 0.59 to the broad based SPY ETF.

PHYL has a market cap of $124.10 million. This is considered a Micro Cap stock.

In the last 3 years, PHYL stock traded as high as $41.52 and as low as $32.42.

PHYL has underperformed the market in the last year with a return of +7.7%, while the SPY ETF gained +22.3%. In the last 3 month period, PHYL fell short of the market, returning +0.5%, while SPY returned +6.1%. However, in the most recent 2 weeks PHYL has outperformed the stock market by returning -1.7%, while SPY returned -3.8%.

PHYL support price is $33.89 and resistance is $34.11 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PHYL stock will trade within this expected range on the day.