🔴 Trading--Leveraged Equity ETF (AAOG) is trading 10.2% down in pre-market after profit-taking following sharp recent advance

AAOG is trading at $5.14 (-10.16%) in pre-market, likely reflecting profit-taking after its sharp recent advance and AAOI’s extended rally.

• AAOG provides 2x daily exposure to Applied Optoelectronics (AAOI); AAOI rose 15.53% on August 14 ahead of its August 18 Rosenblatt technology-conference presentation.
• Overnight, S&P 500 futures fell 0.3% as rising oil prices, Treasury yields, and Middle East tensions pressured growth-oriented technology shares.
• No fresh AAOI-specific negative announcement was identified.