Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Short Interest Down 64.8% in June

Columbia Seligman Premium Technology Growth Fund (NYSE:STK) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 13,098 shares, a drop of 64.8% from the May 31st total of 37,224 shares. Based on an average daily volume of 107,668 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Columbia Seligman Premium Technology Growth Fund

Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in shares of Columbia Seligman Premium Technology Growth Fund by 5.7% during the first quarter. Royal Bank of Canada now owns 329,362 shares of the company’s stock worth $9,215,000 after acquiring an additional 17,770 shares during the period. Janney Montgomery Scott LLC raised its stake 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 acquiring an additional 2,569 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Columbia Seligman Premium Technology Growth Fund by 26.0% in the third quarter. Invesco Ltd. now owns 211,868 shares of the company’s stock valued at $7,483,000 after purchasing an additional 43,735 shares during the period. LPL Financial LLC boosted its holdings in shares of Columbia Seligman Premium Technology Growth Fund by 5.7% in the fourth quarter. LPL Financial LLC now owns 184,392 shares of the company’s stock valued at $6,784,000 after purchasing an additional 9,869 shares during the period. Finally, Bank of America Corp DE grew its stake in Columbia Seligman Premium Technology Growth Fund by 51.1% in the first quarter. Bank of America Corp DE now owns 166,575 shares of the company’s stock worth $6,318,000 after purchasing an additional 56,318 shares in the last quarter.

Columbia Seligman Premium Technology Growth Fund Stock Up 3.0%

Shares of NYSE:STK traded up $1.56 on Tuesday, hitting $54.20. 72,913 shares of the company’s stock were exchanged, compared to its average volume of 58,407. Columbia Seligman Premium Technology Growth Fund has a 12 month low of $30.20 and a 12 month high of $58.46. The business’s 50 day simple moving average is $51.57 and its two-hundred day simple moving average is $43.53.

Columbia Seligman Premium Technology Growth Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 18th were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, May 18th.

About Columbia Seligman Premium Technology Growth Fund

The Columbia Seligman Premium Technology Growth Fund (NYSE: STK) is a diversified, closed-end management investment company launched in 1995. Co-managed by Columbia Management Investment Advisers, LLC and Seligman Fund Advisers, the fund seeks long-term capital growth by investing primarily in common stocks of U.S. technology and technology-enabled companies. Its portfolio typically spans sub-sectors such as software, semiconductors, hardware, communications and internet services, with an emphasis on firms exhibiting strong revenue growth and innovative product development.

In addition to equity investments, the fund employs a covered-call option overlay strategy designed to generate premium income, enhance monthly distributions and potentially reduce portfolio volatility.