Hartford US Quality Growth ETF (NASDAQ:HQGO) Sees Significant Drop in Short Interest

Hartford US Quality Growth ETF (NASDAQ:HQGO) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 352 shares, a drop of 30.7% from the March 15th total of 508 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 3,817 shares, the days-to-cover ratio is presently 0.1 days.

Hartford US Quality Growth ETF Stock Performance

HQGO stock opened at $58.62 on Tuesday. The stock has a market cap of $45.14 million, a P/E ratio of 27.05 and a beta of 1.09. The firm has a 50 day simple moving average of $58.55 and a 200 day simple moving average of $59.44. Hartford US Quality Growth ETF has a 52 week low of $45.05 and a 52 week high of $61.75.

Hartford US Quality Growth ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Wednesday, March 25th were paid a $0.0584 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $0.23 dividend on an annualized basis and a yield of 0.4%.

About Hartford US Quality Growth ETF

The Hartford US Quality Growth ETF (HQGO) is an exchange-traded fund that is based on the Hartford US Quality Growth index. The fund tracks a multifactor index of US large-cap stocks with strong growth potential, while also increasing exposure to quality and momentum. The index is designed to alleviate the concentration risk inherent in cap-weighted indices. HQGO was launched on Dec 5, 2023 and is issued by The Hartford.