🔴 2x Long AAOI ETF (AAOG) is trading 3.7% down in after-hours trading after equity-offering disclosure

AAOG is trading at $1.03, down 3.74%, amid pressure on Applied Optoelectronics after its $600 million at-the-market equity offering disclosure.

• AAOG seeks 2x daily exposure to Applied Optoelectronics (AAOI), making pressure on the underlying stock a direct catalyst.
• Reports linked the offering news to a sharp extended-hours decline in AAOI.
• Broader selling in AI-linked optical and technology shares added headwinds amid investor concerns about AI infrastructure funding and debt.