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 growth in short interest in the month of February. As of February 28th, there was short interest totalling 37,700 shares, a growth 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 presently 0.7 days.

Insider Activity

In related news, Director Pamela G. Carlton sold 2,256 shares of Columbia Seligman Premium Technology Growth Fund stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $28.98, for a total value of $65,378.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hedge Funds Weigh In On Columbia Seligman Premium Technology Growth Fund

Several hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its position in shares of Columbia Seligman Premium Technology Growth Fund by 26.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 18,916 shares of the company’s stock valued at $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 fourth quarter worth approximately $1,558,000. Thomas J. Herzfeld Advisors Inc. lifted its stake 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 valued at $128,000 after buying an additional 572 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of 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 valued at $288,000 after acquiring an additional 483 shares during the period. Finally, Wolverine Asset Management LLC grew its position in shares of Columbia Seligman Premium Technology Growth Fund by 28.5% during 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 during the last quarter.

Columbia Seligman Premium Technology Growth Fund Price Performance

Shares of STK traded up $0.48 during midday trading on Friday, reaching $29.12. The stock had a trading volume of 14,936 shares, compared to its average volume of 37,292. The company’s fifty day simple moving average is $32.08 and its two-hundred day simple moving average is $32.75. Columbia Seligman Premium Technology Growth Fund has a 1-year low of $28.50 and a 1-year high of $36.30.

Columbia Seligman Premium Technology Growth Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were given a $0.4625 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a yield of 6.35%.

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.