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PAAA Makes Bullish Cross Above Critical Moving Average

Source: Nasdaq

Credit & Bond MarketsMarket Technicals & FlowsCompany Fundamentals

PGIM AAA CLO ETF (PAAA) moved above its 200-day moving average, crossing $51.36 and trading as high as $51.38. The stock is up about 0.1% on the day, indicating a minor technical uptick rather than a fundamental catalyst.

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