---
ticker: "AAOG"
name: "Themes ETF Trust - Leverage Shares 2X Long AAOI Daily ETF"
url: "https://etf.net/etf/AAOG"
grade: "C"
score: 50
graded_at: "2026-10-12"
category: "Single-Stock Long Leveraged"
category_rank: "77 of 380"
methodology: "https://etf.net/methodology"
---

# AAOG: Themes ETF Trust - Leverage Shares 2X Long AAOI Daily ETF

Grade **C**, Score 50 of 100. Rank 77 of 380 in Single-Stock Long Leveraged.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 67 | 87 of 380 |
| Mission | Not scored | — |
| Risk | 18 | 338 of 363 |
| Tradability | 48 | 187 of 380 |
| Holdings | Not scored | — |
| Durability | 54 | 161 of 380 |

## Top holdings

The fund holds 4 positions. These are the largest 4, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Applied Optoelectronics, Inc.-Swap-Mrex-L | 160.95% |
| 2 | — | Applied Optoelectronics, Inc.-Swap-Clst-L | 33.03% |
| 3 | — | First American Treasury Obligations Fund 01/01/2040 | 10.20% |
| 4 | — | Applied Optoelectronics, Inc.-Swap-Cant-L | 6.06% |

Source: etf.net, https://etf.net/etf/AAOG. Please cite the page URL.