PSQ lost 2.5% today, ending at $11.31

Published: May 26 2023, 22:50 GMT+0

PSQ lost 2.5% today, ending at $11.31

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 published today at 12:30 UTC came out at -0.2%, falling short of the 0% projections and continuing its decline from the previous 0.3% figure. United States Pending Home Sales released earlier showed a marked improvement to 0% from the preceding data of -5.2%, but fell short of the 0.5% figure forecast by a consensus of market analysts.

While price action maintains a negative bias, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3.

Positive performances can be seen by looking at other markets as Costco is trading around $507.26 after ending today's session at $486.55 (up 4.26% today). Intel went up by 5.84% today, and closed at $29. Netflix is trading around $378.88 after ending today's session at $359 (up 5.54% today).

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.