PSQ falls back to $11.31 after shedding 2.5% yesterday

Yesterday at a glance: a tough session dominated by bearish sentiment left PSQ 29 cents lower, while setting a $11.28 to $11.57 session range.

Following a previous reading of 0.3%, Core Durable Goods Orders in United States released yesterday at 12:30 UTC fell short of the 0% figure expected by analysts with an actual reading of -0.2%.

Amid the market gloom, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. Fresh CFTC Crude Oil speculative net positions data from United States came out at 193,100.

Other assets are showing positive performances as Costco went up by 4.26% yesterday, and closed at $507.26. Notably, Intel rose 5.84% yesterday and closed at $27.4. Netflix added 5.54% and closed around $359 yesterday.

The fund has been trending lower for about a month. ProShares Short QQQ hit a significant low of $11.3 around a day ago, but has since recovered 2.65%.