Hennessy Advisors, Inc. to Acquire STF Management ETFs and Welcome Portfolio Manager Jonathan Molchan

NOVATO, Caif., March 14, 2025 /PRNewswire/ -- Hennessy Advisors, Inc. (Nasdaq: HNNA) announced that it has signed a definitive agreement with STF Management, LP ("STFM") to significantly expand its ETF offerings. This strategic move involves purchasing the assets of two ETFs and bringing them under the Hennessy umbrella: the STF Tactical Growth ETF (TUG) and the STF Tactical Growth & Income ETF (TUGN) (the "STFM ETFs"), with combined assets of approximately $220 million. The transaction is expected to close in the third quarter of 2025.

Read more at prnewswire.com