Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Short Interest Up 68.6% in May

Columbia Seligman Premium Technology Growth Fund (NYSE:STK) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 37,224 shares, an increase of 68.6% from the May 14th total of 22,075 shares. Based on an average trading volume of 64,290 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Columbia Seligman Premium Technology Growth Fund

Large investors have recently made changes to their positions in the company. PMG Family Office LLC acquired a new position in shares of Columbia Seligman Premium Technology Growth Fund in the third quarter valued at about $2,659,000. Cornerstone Advisors LLC raised its stake in Columbia Seligman Premium Technology Growth Fund by 91.1% in the 3rd quarter. Cornerstone Advisors LLC now owns 151,597 shares of the company’s stock worth $5,354,000 after purchasing an additional 72,283 shares in the last quarter. Bank of America Corp DE boosted its holdings in Columbia Seligman Premium Technology Growth Fund by 51.1% in the 1st quarter. Bank of America Corp DE now owns 166,575 shares of the company’s stock valued at $6,318,000 after purchasing an additional 56,318 shares during the period. Invesco Ltd. boosted its holdings in Columbia Seligman Premium Technology Growth Fund by 26.0% in the 3rd quarter. Invesco Ltd. now owns 211,868 shares of the company’s stock valued at $7,483,000 after purchasing an additional 43,735 shares during the period. Finally, Readystate Asset Management LP acquired a new position in shares of Columbia Seligman Premium Technology Growth Fund during the 3rd quarter worth approximately $1,171,000.

Columbia Seligman Premium Technology Growth Fund Trading Up 3.7%

STK stock traded up $1.91 during midday trading on Monday, reaching $53.88. 53,379 shares of the company were exchanged, compared to its average volume of 57,710. Columbia Seligman Premium Technology Growth Fund has a one year low of $28.91 and a one year high of $58.46. The business has a 50-day moving average price of $49.00 and a two-hundred day moving average price of $42.25.

Columbia Seligman Premium Technology Growth Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 18th were issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, May 18th.

Columbia Seligman Premium Technology Growth Fund Company Profile

The Columbia Seligman Premium Technology Growth Fund (NYSE: STK) is a diversified, closed-end management investment company launched in 1995. Co-managed by Columbia Management Investment Advisers, LLC and Seligman Fund Advisers, the fund seeks long-term capital growth by investing primarily in common stocks of U.S. technology and technology-enabled companies. Its portfolio typically spans sub-sectors such as software, semiconductors, hardware, communications and internet services, with an emphasis on firms exhibiting strong revenue growth and innovative product development.

In addition to equity investments, the fund employs a covered-call option overlay strategy designed to generate premium income, enhance monthly distributions and potentially reduce portfolio volatility.