On Friday, shares of the SPDR Portfolio High Yield Bond ETF (Symbol: SPHY) fell below their 200-day moving average of $23.69, trading as low as $23.68 per share, a decline of approximately 0.2% for the day. The ETF has experienced a 52-week range with a low of $22.21 and a high of $23.99, closing near its moving average.
This movement may signal a significant shift for SPHY investors as the ETF’s performance is closely monitored in the bond market. Investors should note the potential implications of this crossing below the 200-day moving average, often viewed as a key technical indicator.
