BondBloxx US High Yield Industrial Sector ETF Price & Performance (XHYI)

The Bondbloxx USD High Yield Bond ETF (XHYT) has refined its trading strategies, focusing on resistance and support levels. The ETF's short-term plans suggest selling near $34.54 with a stop loss at $34.64. Meanwhile, potential buy signals emerge if resistance breaks above $34.54, targeting $35.05. Market fluctuations remain critical.1

U.S. technology, media, and telecom (TMT) stocks experienced a significant reduction in hedge fund positions in February. This de-grossing activity marked the largest two-week decline since July, impacting both long and short positions. The shift highlights cautious sentiment among investors amid ongoing market uncertainties.2

The XHYT ETF has undergone notable adjustments in trading recommendations. Resistance at $34.54 serves as a key indicator, with buy signals above this level targeting $35.05. Conversely, short positions are advised near $34.54 with stop losses at $34.64. These updates reflect a focus on technical analysis.1