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

Columbia Seligman Premium Technology Growth Fund (NYSE:STK) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 13,098 shares, a decrease of 64.8% from the May 31st total of 37,224 shares. Based on an average trading volume of 107,668 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Columbia Seligman Premium Technology Growth Fund

A number of institutional investors have recently added to or reduced their stakes in STK. Fifth Third Bancorp bought a new position in shares of Columbia Seligman Premium Technology Growth Fund in the 1st quarter valued at about $47,000. Western Wealth Management LLC acquired a new stake in Columbia Seligman Premium Technology Growth Fund in the 1st quarter valued at about $57,000. PNC Financial Services Group Inc. bought a new position in Columbia Seligman Premium Technology Growth Fund during the fourth quarter worth about $86,000. Harbour Investments Inc. grew its holdings in Columbia Seligman Premium Technology Growth Fund by 604.8% during the fourth quarter. Harbour Investments Inc. now owns 4,377 shares of the company’s stock worth $161,000 after purchasing an additional 3,756 shares during the period. Finally, Diversify Wealth Management LLC acquired a new position in Columbia Seligman Premium Technology Growth Fund during the first quarter worth approximately $168,000.

Columbia Seligman Premium Technology Growth Fund Stock Performance

NYSE STK traded down $2.16 during trading hours on Friday, hitting $51.20. 84,351 shares of the company traded hands, compared to its average volume of 58,260. The business’s 50-day moving average is $51.43 and its 200-day moving average is $43.38. Columbia Seligman Premium Technology Growth Fund has a twelve month low of $30.04 and a twelve month high of $58.46.

Columbia Seligman Premium Technology Growth Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 18th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, May 18th.

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.