You are correct, that is the toggle. It isn't really stuck, it is being held in that position by an internal "hold-open" latch. The pistol is designed to stay in that position after you fire your last round and the magazine (clip) is empty. Simply remove the magazine and pull the toggle back about a mm or so. You should hear a faint "click". This is the sound of the hold-open disengaging the bolt. Then you can allow the toggle to settle back down on the pistol and reinsert the magazine.
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