🔴 2X Long AAOI ETF (AAOG) is trading 13.2% down on October 12, 2026, on dilution

AAOG is trading at $2.04, -13.20%, as dilution concerns about AAOI weigh on the fund.

• AAOG targets 2x daily exposure to AAOI, magnifying weakness in the underlying stock.
• Applied Optoelectronics completed its $600 million at-the-market offering on October 5, selling about 5.7 million shares.
• The offering news may be resurfacing rather than newly announced; broader futures were modestly mixed and are not a strong explanation for the drop.