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 significant growth in short interest in 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 institutional investors have recently added to or reduced their stakes in STK. PMG Family Office LLC acquired a new position in Columbia Seligman Premium Technology Growth Fund in the 3rd quarter valued at about $2,659,000. Cornerstone Advisors LLC increased its position 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 valued at $5,354,000 after acquiring an additional 72,283 shares during the period. Bank of America Corp DE increased its position 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 acquiring an additional 56,318 shares during the period. Invesco Ltd. increased its position 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 acquiring an additional 43,735 shares during the period. Finally, Readystate Asset Management LP acquired a new position in Columbia Seligman Premium Technology Growth Fund in the 3rd quarter valued at about $1,171,000.

Columbia Seligman Premium Technology Growth Fund Stock Down 1.1%

Shares of STK traded down $0.57 during midday trading on Tuesday, reaching $53.21. 58,689 shares of the stock were exchanged, compared to its average volume of 57,719. Columbia Seligman Premium Technology Growth Fund has a twelve month low of $28.91 and a twelve month high of $58.46. The business’s 50-day moving average price is $49.30 and its 200 day moving average price is $42.38.

Columbia Seligman Premium Technology Growth Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 18th were given a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, May 18th.

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.