Hennessy Advisors, Inc. announced on November 25, 2024, that it will transfer the stock exchange listing for the Hennessy Stance ESG ETF (STNC) from NYSE Arca, Inc. to The Nasdaq Stock Market LLC. This change is scheduled to become effective on December 18, 2024. The Stance ETF will continue to trade under its existing symbol "STNC" on Nasdaq.
The Board of Trustees of the Hennessy Funds Trust approved this listing transfer at a meeting held on September 25, 2024. This strategic decision was made to facilitate the continued listing of the Stance ETF's shares on a national securities exchange.
Neil Hennessy, Chairman and CEO of Hennessy Advisors, Inc., stated that the transfer to Nasdaq is designed to achieve a lower annual expense for the ETF. This operational adjustment aims to enhance the fund's cost efficiency.
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