Short Interest in Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Rises By 49.1%

Columbia Seligman Premium Technology Growth Fund (NYSE:STK) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 14,100 shares, a growth of 49.1% from the July 30th total of 9,455 shares. Based on an average daily volume of 76,602 shares, the days-to-cover ratio is currently 0.2 days.

Columbia Seligman Premium Technology Growth Fund Stock Down 0.1%

Shares of NYSE:STK traded down $0.04 during trading on Wednesday, hitting $51.81. 20,948 shares of the company were exchanged, compared to its average volume of 58,304. The firm’s 50 day moving average price is $51.14 and its 200-day moving average price is $47.62. Columbia Seligman Premium Technology Growth Fund has a 12-month low of $31.40 and a 12-month high of $58.46.

Columbia Seligman Premium Technology Growth Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Monday, August 17th were given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, August 17th.

Hedge Funds Weigh In On Columbia Seligman Premium Technology Growth Fund

Several hedge funds and other institutional investors have recently bought and sold shares of STK. Aviance Capital Partners LLC grew its position in Columbia Seligman Premium Technology Growth Fund by 0.5% during the 1st quarter. Aviance Capital Partners LLC now owns 44,424 shares of the company’s stock worth $1,685,000 after purchasing an additional 200 shares in the last quarter. Benjamin Edwards Inc. boosted its position in shares of Columbia Seligman Premium Technology Growth Fund by 1.7% in the second quarter. Benjamin Edwards Inc. now owns 17,602 shares of the company’s stock valued at $948,000 after acquiring an additional 287 shares during the period. Ameriprise Financial Inc. increased its stake in Columbia Seligman Premium Technology Growth Fund by 0.8% during the third quarter. Ameriprise Financial Inc. now owns 42,268 shares of the company’s stock valued at $1,493,000 after acquiring an additional 339 shares during the period. Kingsview Wealth Management LLC raised its position in Columbia Seligman Premium Technology Growth Fund by 1.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 29,771 shares of the company’s stock worth $1,095,000 after purchasing an additional 400 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Columbia Seligman Premium Technology Growth Fund by 1.5% during the 1st quarter. International Assets Investment Management LLC now owns 29,254 shares of the company’s stock worth $1,141,000 after buying an additional 440 shares during the period.

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.