🔴 Applied Optoelectronics ETF (AAOG) is trading 12.14% down in pre-market amid AAOI dilution concerns

AAOG is trading at $0.98, down 12.14%, in pre-market amid dilution concerns tied to AAOI’s reported $600 million equity distribution program.

• AAOG provides 2x daily exposure to Applied Optoelectronics (AAOI), amplifying moves in the underlying stock; AAOI shares reportedly slipped more than 4% in extended trading.
• Broader technology weakness added pressure as investors questioned AI spending and megacap earnings; U.S. futures traded lower.
• No pre-market volume information was provided.