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

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

Insider Activity

In related news, Director Pamela G. Carlton sold 2,256 shares of the 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 SEC, which is available at the SEC website.

Institutional Investors Weigh In On Columbia Seligman Premium Technology Growth Fund

Hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Columbia Seligman Premium Technology Growth Fund in the 3rd quarter valued at $61,000. Thomas J. Herzfeld Advisors Inc. raised its position in shares of 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 acquiring an additional 572 shares during the period. Concurrent Investment Advisors LLC boosted its stake in shares of Columbia Seligman Premium Technology Growth Fund by 5.7% during the 4th quarter. Concurrent Investment Advisors LLC now owns 9,008 shares of the company’s stock worth $288,000 after acquiring an additional 483 shares in the last quarter. Compass Planning Associates Inc acquired a new stake in shares of Columbia Seligman Premium Technology Growth Fund during the 4th quarter valued at about $326,000. Finally, Capital Market Strategies LLC raised its holdings in Columbia Seligman Premium Technology Growth Fund by 3.2% in the 4th quarter. Capital Market Strategies LLC now owns 11,526 shares of the company’s stock worth $368,000 after purchasing an additional 356 shares during the period.

Columbia Seligman Premium Technology Growth Fund Stock Down 2.3 %

Shares of STK stock traded down $0.66 during trading hours on Friday, hitting $28.33. The company’s stock had a trading volume of 61,722 shares, compared to its average volume of 37,071. Columbia Seligman Premium Technology Growth Fund has a 12-month low of $28.12 and a 12-month high of $36.30. The company has a 50 day moving average of $31.35 and a 200 day moving average of $32.53.

Columbia Seligman Premium Technology Growth Fund Announces Dividend

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 dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 6.53%. The ex-dividend date was Tuesday, February 18th.

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.