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

Columbia Seligman Premium Technology Growth Fund (NYSE:STK) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 47,600 shares, a drop of 17.9% from the March 15th total of 58,000 shares. Based on an average trading volume of 53,900 shares, the short-interest ratio is currently 0.9 days.

Columbia Seligman Premium Technology Growth Fund Price Performance

STK traded down $0.17 on Friday, reaching $26.08. The company had a trading volume of 38,772 shares, compared to its average volume of 39,277. The stock has a 50-day moving average price of $29.16 and a 200-day moving average price of $31.81. Columbia Seligman Premium Technology Growth Fund has a 1 year low of $23.05 and a 1 year high of $36.30.

Columbia Seligman Premium Technology Growth Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date was Tuesday, February 18th.

Insider Transactions at Columbia Seligman Premium Technology Growth Fund

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

Hedge Funds Weigh In On Columbia Seligman Premium Technology Growth Fund

Hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of Columbia Seligman Premium Technology Growth Fund during the third quarter worth about $61,000. Farther Finance Advisors LLC increased its stake in shares of Columbia Seligman Premium Technology Growth Fund by 1,061.3% during the first quarter. Farther Finance Advisors LLC now owns 2,462 shares of the company’s stock worth $69,000 after acquiring an additional 2,250 shares during the period. Thomas J. Herzfeld Advisors Inc. raised its holdings in Columbia Seligman Premium Technology Growth Fund by 16.7% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 3,997 shares of the company’s stock worth $128,000 after purchasing an additional 572 shares in the last quarter. NBC Securities Inc. lifted its position in Columbia Seligman Premium Technology Growth Fund by 120,040.0% in the first quarter. NBC Securities Inc. now owns 6,007 shares of the company’s stock valued at $168,000 after purchasing an additional 6,002 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in Columbia Seligman Premium Technology Growth Fund by 10.9% in the 1st quarter. Parallel Advisors LLC now owns 7,455 shares of the company’s stock valued at $209,000 after purchasing an additional 730 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.