🟢 Trading-Leveraged Equity ETF (AAOG) is trading 6.64% up on rebound after August 24’s 27.68% drop

AAOG is trading 6.64% higher as its 2x daily leveraged exposure to Applied Optoelectronics (AAOI) rebounds after AAOG’s 27.68% decline on August 24.

• AAOI shares were reported higher during the August 25 session.
• Gains are tempered by AAOI’s announced $600 million at-the-market equity offering and dilution concerns.
• Volatile semiconductor trading ahead of Nvidia’s August 26 earnings is amplifying AAOG’s intraday swings.