🔴 Trading--Leveraged Equity ETF (AAOG) is trading 24.3% down in pre-market on August 24, 2026 after AAOI announced a $600 million equity offering

AAOG is trading 24.3% down in pre-market on August 24, 2026, after Applied Optoelectronics disclosed a new at-the-market offering of up to $600 million, raising dilution concerns.

• AAOI reportedly fell more than 10% overnight after the August 21 filing.
• AAOG’s daily leverage is amplifying the move.
• Broader technology sentiment is weak amid rising Treasury yields, semiconductor weakness, and Nasdaq futures declines.