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

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

Hedge Funds Weigh In On Columbia Seligman Premium Technology Growth Fund

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

Columbia Seligman Premium Technology Growth Fund Stock Up 2.0%

Shares of STK traded up $1.06 during midday trading on Wednesday, reaching $53.87. The stock had a trading volume of 41,365 shares, compared to its average volume of 57,571. The firm’s 50 day moving average price is $49.58 and its 200-day moving average price is $42.50. Columbia Seligman Premium Technology Growth Fund has a 52 week low of $28.91 and a 52 week high of $58.46.

Columbia Seligman Premium Technology Growth Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 18th were given a $0.4625 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.85 annualized dividend and a yield of 3.4%.

About Columbia Seligman Premium Technology Growth Fund

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.