AAOG is trading 5.4% lower on July 15, 2026, as the underlying asset, Applied Optoelectronics (AAOI), retreats from its recent spike.

  • The ETF is giving back a portion of the 23.96% jump recorded on July 14, 2026, as traders move to lock in profits.
  • The decline follows a reversal of AAOI's sharp rebound from the prior session during early morning trading.
  • As a 2x leveraged ETF, AAOG is amplifying the daily downward move of its underlying stock.