PSQ closed at $11.31 after losing 2.5% today

Published: May 26 2023, 22:41 GMT+0

PSQ closed at $11.31 after losing 2.5% today

A quick look at today: a tough session dominated by bearish sentiment left PSQ 29 cents lower, while setting a $11.28 to $11.57 session range.

United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%. Highly important Pending Home Sales data from United States beat analyst expectations of 0.5% with a reading of 0%.

Amid the market gloom, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3.

Other assets are showing positive performances as notably, Costco rose 4.26% today and closed at $486.55. Intel is trading around $29 after ending today's session at $27.4 (up 5.84% today). Netflix went up by 5.54% today, and closed at $378.88.

All in all, the fund has been on a negative trend for around a month. The current year has not been the best for ProShares Short QQQ as it lost 21.73% from its highest point of $15.25.