Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Sees Significant Growth in Short Interest

Columbia Seligman Premium Technology Growth Fund (NYSE:STK) was the recipient of a large increase in short interest in 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 short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in STK. Allied Private Wealth LLC bought a new position in shares of Columbia Seligman Premium Technology Growth Fund during the 2nd quarter valued at approximately $30,000. Fifth Third Bancorp bought a new stake in Columbia Seligman Premium Technology Growth Fund during the 1st quarter worth approximately $47,000. Western Wealth Management LLC purchased a new position in Columbia Seligman Premium Technology Growth Fund during the first quarter valued at approximately $57,000. PNC Financial Services Group Inc. bought a new position in shares of Columbia Seligman Premium Technology Growth Fund in the fourth quarter worth approximately $86,000. Finally, Harbour Investments Inc. raised its position in shares of Columbia Seligman Premium Technology Growth Fund by 604.8% during 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.

Columbia Seligman Premium Technology Growth Fund Stock Performance

NYSE:STK opened at $52.01 on Thursday. Columbia Seligman Premium Technology Growth Fund has a one year low of $31.40 and a one year high of $58.46. The business has a fifty day moving average price of $51.13 and a 200-day moving average price of $47.71.

Columbia Seligman Premium Technology Growth Fund Dividend Announcement

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

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.