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

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

Columbia Seligman Premium Technology Growth Fund Trading Down 0.7%

STK traded down $0.37 during midday trading on Tuesday, hitting $51.92. The company had a trading volume of 26,027 shares, compared to its average volume of 58,486. Columbia Seligman Premium Technology Growth Fund has a twelve month low of $31.07 and a twelve month high of $58.46. The firm’s 50-day simple moving average is $51.17 and its 200-day simple moving average is $47.54.

Columbia Seligman Premium Technology Growth Fund Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Allied Private Wealth LLC bought a new stake in shares of Columbia Seligman Premium Technology Growth Fund during the second quarter worth $30,000. Fifth Third Bancorp acquired a new stake in shares of Columbia Seligman Premium Technology Growth Fund during the 1st quarter worth approximately $47,000. Western Wealth Management LLC bought a new stake in shares of Columbia Seligman Premium Technology Growth Fund during the first quarter worth approximately $57,000. PNC Financial Services Group Inc. bought a new stake in shares of Columbia Seligman Premium Technology Growth Fund during the fourth quarter worth approximately $86,000. Finally, Harbour Investments Inc. lifted its stake in shares of Columbia Seligman Premium Technology Growth Fund by 604.8% in the 4th quarter. Harbour Investments Inc. now owns 4,377 shares of the company’s stock valued at $161,000 after purchasing an additional 3,756 shares during the period.

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.