Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Shares Shorted: Short Interest Up 137.0% in October

by · The Markets Daily

Columbia Seligman Premium Technology Growth Fund (NYSE:STK – Get Free Report) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 15,954 shares, an increase of 137.0% from the September 30th total of 6,731 shares. Based on an average daily volume of 40,357 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its position in shares of Columbia Seligman Premium Technology Growth Fund by 0.8% during the first quarter. Janney Montgomery Scott LLC now owns 306,516 shares of the company’s stock valued at $11,626,000 after buying an additional 2,569 shares during the period. Bank of America Corp DE boosted its stake in shares of 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 worth $6,318,000 after buying an additional 56,318 shares during the last quarter. Advisory Solutions Group LLC purchased a new position in shares of Columbia Seligman Premium Technology Growth Fund during the 2nd quarter worth $8,669,000. PMG Family Office LLC increased its holdings in Columbia Seligman Premium Technology Growth Fund by 0.5% in the 3rd quarter. PMG Family Office LLC now owns 77,146 shares of the company’s stock worth $4,148,000 after acquiring an additional 414 shares in the last quarter. Finally, Aviance Capital Partners LLC raised its stake in Columbia Seligman Premium Technology Growth Fund by 0.5% during the 1st quarter. Aviance Capital Partners LLC now owns 44,424 shares of the company’s stock valued at $1,685,000 after purchasing an additional 200 shares during the period.

Columbia Seligman Premium Technology Growth Fund Trading Down 4.2%

Shares of Columbia Seligman Premium Technology Growth Fund stock traded down $2.29 on Friday, reaching $52.03. The stock had a trading volume of 54,482 shares, compared to its average volume of 56,218. Columbia Seligman Premium Technology Growth Fund has a 1 year low of $32.50 and a 1 year high of $58.46. The business’s 50 day moving average is $52.98 and its two-hundred day moving average is $47.91.

Columbia Seligman Premium Technology Growth Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 27th. Stockholders of record on Monday, October 19th were issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, October 19th.

About Columbia Seligman Premium Technology Growth Fund

(Get Free Report)

Columbia Seligman Premium Technology Growth Fund (NYSE:STK) is a publicly traded closed-end investment fund that seeks to provide investors with a combination of current income and long-term capital appreciation. The fund is advised by Columbia Management Investment Advisers, LLC, part of Columbia Threadneedle Investments.

The fund invests primarily in technology-related companies, including businesses involved in software, semiconductors, hardware, communications equipment, and related technology services.

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