PSQ falls back to $11.31 after shedding 2.5% yesterday

Published: May 27 2023, 09:41 GMT+0

PSQ falls back to $11.31 after shedding 2.5% yesterday

A quick look at yesterday: 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%.

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. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

Positive performances can be seen by looking at other markets as Costco went up by 4.26% yesterday, and closed at $507.26. Intel is trading around $29 after ending yesterday's session at $27.4 (up 5.84% today). Netflix leaps up 5.54% yesterday and closed at $359.

All in all, the fund has been on a negative trend for around a month. Having set a significant low of $11.3 a day ago, ProShares Short QQQ is trading 2.65% higher.