🔴 2X Long AAOI ETF (AAOG) is trading 4.3% down in pre-market on AAOI dilution concerns

AAOG is trading at $2.25, down 4.26%, as weakness in AAOI weighs on the ETF.

• AAOG targets 2x daily exposure to Applied Optoelectronics (AAOI), amplifying the impact of weakness in the underlying stock.
• News of a $600 million at-the-market equity offering renewed dilution concerns; reports said AAOI shares fell more than 12% in premarket trading.
• US futures were higher, suggesting the decline was more directly tied to AAOI than to a broad market selloff.