Short Interest in Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Increases By 53.8%

Columbia Seligman Premium Technology Growth Fund (NYSE:STK) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 58,000 shares, an increase of 53.8% from the February 28th total of 37,700 shares. Based on an average trading volume of 47,400 shares, the days-to-cover ratio is currently 1.2 days.

Insider Buying and Selling at Columbia Seligman Premium Technology Growth Fund

In other news, Director Pamela G. Carlton sold 2,256 shares of the firm’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 value of $65,378.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Investors Weigh In On Columbia Seligman Premium Technology Growth Fund

Several hedge funds have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new position in shares of Columbia Seligman Premium Technology Growth Fund during the third quarter valued at $61,000. Thomas J. Herzfeld Advisors Inc. raised its holdings in Columbia Seligman Premium Technology Growth Fund by 16.7% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 3,997 shares of the company’s stock worth $128,000 after buying an additional 572 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in Columbia Seligman Premium Technology Growth Fund by 5.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 9,008 shares of the company’s stock worth $288,000 after buying an additional 483 shares during the last quarter. Compass Planning Associates Inc bought a new position in shares of Columbia Seligman Premium Technology Growth Fund in the fourth quarter worth approximately $326,000. Finally, Capital Market Strategies LLC grew its holdings in shares of Columbia Seligman Premium Technology Growth Fund by 3.2% during the fourth quarter. Capital Market Strategies LLC now owns 11,526 shares of the company’s stock valued at $368,000 after buying an additional 356 shares during the last quarter.

Columbia Seligman Premium Technology Growth Fund Price Performance

STK traded down $0.35 during trading on Monday, reaching $27.96. The stock had a trading volume of 62,995 shares, compared to its average volume of 37,174. The stock’s 50 day moving average is $31.35 and its two-hundred day moving average is $32.54. Columbia Seligman Premium Technology Growth Fund has a one year low of $27.79 and a one year high of $36.30.

Columbia Seligman Premium Technology Growth Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.4625 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 6.62%.

About Columbia Seligman Premium Technology Growth Fund

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.