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

Columbia Seligman Premium Technology Growth Fund (NYSE:STK) was the recipient of a significant decrease in short interest during the month of 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 daily volume of 107,668 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Columbia Seligman Premium Technology Growth Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its stake in Columbia Seligman Premium Technology Growth Fund by 5.7% in the first quarter. Royal Bank of Canada now owns 329,362 shares of the company’s stock valued at $9,215,000 after acquiring an additional 17,770 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Columbia Seligman Premium Technology Growth Fund by 20.4% during the 2nd quarter. Raymond James Financial Inc. now owns 57,227 shares of the company’s stock valued at $1,740,000 after buying an additional 9,698 shares during the last quarter. Jane Street Group LLC purchased a new position in Columbia Seligman Premium Technology Growth Fund during the second quarter valued at approximately $208,000. Bank of America Corp DE increased its holdings in shares of Columbia Seligman Premium Technology Growth Fund by 23.5% during the 2nd quarter. Bank of America Corp DE now owns 104,129 shares of the company’s stock valued at $3,167,000 after purchasing an additional 19,825 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in Columbia Seligman Premium Technology Growth Fund in the second quarter valued at $462,000.

Columbia Seligman Premium Technology Growth Fund Stock Up 3.0%

Shares of NYSE STK traded up $1.53 during trading hours on Monday, reaching $52.70. The stock had a trading volume of 61,769 shares, compared to its average volume of 58,289. The business’s fifty day moving average price is $51.43 and its two-hundred day moving average price is $43.42. Columbia Seligman Premium Technology Growth Fund has a 52-week low of $30.20 and a 52-week high of $58.46.

Columbia Seligman Premium Technology Growth Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 18th were issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 3.5%. The ex-dividend date 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.