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

Columbia Seligman Premium Technology Growth Fund (NYSE:STK) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 37,700 shares, an increase of 115.4% from the February 13th total of 17,500 shares. Based on an average daily trading volume, of 51,600 shares, the days-to-cover ratio is currently 0.7 days.

Columbia Seligman Premium Technology Growth Fund Stock Up 1.7 %

Shares of STK traded up $0.48 during trading hours on Friday, hitting $29.12. 14,936 shares of the stock were exchanged, compared to its average volume of 37,292. Columbia Seligman Premium Technology Growth Fund has a 12-month low of $28.50 and a 12-month high of $36.30. The stock’s 50-day moving average price is $32.08 and its two-hundred day moving average price is $32.75.

Columbia Seligman Premium Technology Growth Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 6.35%. The ex-dividend date was Tuesday, February 18th.

Insider Transactions at Columbia Seligman Premium Technology Growth Fund

In related news, Director Pamela G. Carlton sold 2,256 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $28.98, for a total transaction of $65,378.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Columbia Seligman Premium Technology Growth Fund

Hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC grew its holdings in shares of Columbia Seligman Premium Technology Growth Fund by 26.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 18,916 shares of the company’s stock worth $604,000 after purchasing an additional 3,930 shares during the period. Raymond James Financial Inc. acquired a new position in Columbia Seligman Premium Technology Growth Fund during the 4th quarter worth about $1,558,000. Thomas J. Herzfeld Advisors Inc. lifted its stake in Columbia Seligman Premium Technology Growth Fund by 16.7% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 3,997 shares of the company’s stock worth $128,000 after acquiring an additional 572 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in Columbia Seligman Premium Technology Growth Fund by 5.7% during the 4th quarter. Concurrent Investment Advisors LLC now owns 9,008 shares of the company’s stock worth $288,000 after acquiring an additional 483 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its stake in shares of Columbia Seligman Premium Technology Growth Fund by 28.5% in the fourth quarter. Wolverine Asset Management LLC now owns 116,073 shares of the company’s stock worth $3,709,000 after acquiring an additional 25,768 shares in the last quarter.

Columbia Seligman Premium Technology Growth Fund Company Profile

Columbia Seligman Premium Technology Growth Fund is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It invests in public equity markets. The fund seeks to invest in stocks of companies operating in the technology sector. It primarily invests in growth stocks of companies.