🔴 Trading--Leveraged Equity ETF (AAOG) is trading 33.9% down today after AAOI disclosed a $600 million offering

AAOG is trading at $2.34, down 33.90%, after AAOI disclosed a new $600 million at-the-market equity offering, raising dilution concerns.

• AAOG is a 2x daily leveraged ETF tracking Applied Optoelectronics (AAOI), magnifying the underlying stock’s decline.
• AAOI fell approximately 10.2% in late trading after the announcement, pressuring AAOG at the August 24, 2026 open.
• Broader markets are only modestly lower, indicating the offering is the primary catalyst.