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AAOZ · Analysis updated Nov 6, 2026, 11:48 AM ET
Why is Tradr 2X Short AAOI Daily ETF (AAOZ) stock moving?
AAOZ is a 2x daily inverse fund on Applied Optoelectronics (AAOI), so it rises when AAOI falls. It jumped from $26.57 to $37.85 on Nov 5, a gain of about 42%. Over that period AAOI fell about 16% in an AI optics selloff, and AAOI then reported Q3 results after the close. Record Q3 revenue of $269.9M was offset by Q4 guidance below consensus, and AAOI fell about 10% after hours. Yahoo's AAOI page later showed it up about 5% at $49.35, which would pull AAOZ lower. Price action is extremely volatile, with daily ranges of 20-30% and implied volatility near 217%. The fund also resets daily, so volatile and choppy markets erode returns over time. It is a sub-$25M product that trades at a discount to NAV. After a roughly 59% monthly drop in AAOI, rebounds in AAOI would hurt AAOZ sharply. The fund has risen 130% from $16.09 on Oct 29, so AAOZ looks stretched in the near term. It is a short-term trading tool, not a hold.
News behind the analysis
- Applied Optoelectronics Stock Tumbles Despite Q3 Earnings BeatAAOI shares fell about 10% after hours to $42.20 after its Q3 report. Guidance was weak at the midpoint.
- Applied Optoelectronics Sinks 16%, Coherent Tumbles 14%, Lumentum Plunges 13% as AI Optical Stocks SlideAI optical stocks fell for a second straight session. AAOI traded near $50, down 16%, and is down 59% over the past month.
- Applied Optoelectronics (AAOI) stock summaryAAOI reported record Q3 revenue of $269.9M and returned to GAAP profitability. Q4 revenue guidance came in below consensus. AAOI was quoted at $49.35, up 5.25%.
- AAOZ quote and trading dataAAOZ traded between $27.99 and $36.94 on Nov 5. Its 52-week range is $6.94 to $51.05.
- Tradr 2X Short AAOI Daily ETF quoteAAOZ was up 35.23% at $35.93 intraday on Nov 5, with a prior close of $26.57.
- AAOZ Stock QuoteAAOZ closed at $16.09 on Oct 29. 30-day implied volatility was 216.8%, and the fund is a sub-micro cap at about $9.6M.
- AAOZ ETF Price and ChartAAOZ launched Jul 14, 2026, and has a 1.49% expense ratio. NAV was $26.68 with about $13.7M AUM.
- Applied Optoelectronics Stock Falls 12% - Here's WhyAAOI fell 12% to $68.07 on Oct 22 in heavy volume. B. Riley had cut its target to $92 from $109.
- Applied Optoelectronics Stock Falls 11.8% on Insider SellingAAOI fell 11.8% on Oct 14 after the CFO sold 4,000 shares under a pre-arranged plan.