Technology growth

Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Sees Sharp Rise in Short-Term Interest


The Columbia Seligman Premium Technology Growth Fund (NYSE:STK – Get Rating) saw a sharp rise in short-term interest during the month of July. As of July 15, there was short interest totaling 46,900 shares, an increase of 36.7% from the June 30 total of 34,300 shares. Based on an average daily volume of 49,600 shares, the short interest rate is currently 0.9 days.

Institutional entries and exits

Several hedge funds have recently bought and sold shares of the company. Charter Oak Capital Management LLC acquired a new position in Columbia Seligman Premium Technology Growth Fund in Q2 for a value of approximately $99,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Columbia Seligman Premium Technology Growth Fund by 3.0% during Q2. Cambridge Investment Research Advisors Inc. now owns 35,954 shares of the company worth $902,000 after acquiring 1,033 additional shares in the last quarter. Bank of America Corp DE increased its equity stake in the Columbia Seligman Premium Technology Growth Fund by 14.2% during the 1st quarter. Bank of America Corp DE now owns 87,638 shares of the company worth $2,813,000 after acquiring an additional 10,927 shares last quarter. Advisors Asset Management Inc. increased its stake in shares of Columbia Seligman Premium Technology Growth Fund by 4.6% during the 1st quarter. Advisors Asset Management Inc. now owns 249,615 shares of the company worth $8,013,000 after acquiring 11,035 additional shares in the last quarter. Finally, the Royal Bank of Canada increased its stake in the shares of the Columbia Seligman Premium Technology Growth Fund by 5.5% during the 1st quarter. Royal Bank of Canada now owns 88,794 shares of the company worth $2,850,000 after acquiring 4,616 more shares last quarter.

Columbia Seligman Premium Technology Growth Fund up 2.3%

Shares of STK opened at $30.69 on Monday. Columbia Seligman Premium Technology Growth Fund has a fifty-two week low of $24.24 and a fifty-two week high of $39.26. The stock’s 50-day moving average is $27.32 and its two-hundred-day moving average is $29.60.

Columbia Seligman Premium Technology Growth Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 24. Shareholders of record on Monday, May 16 received a dividend of $0.4625. This represents an annualized dividend of $1.85 and a yield of 6.03%. The ex-dividend date was Friday, May 13.

About Columbia Seligman Premium Tech Growth Fund

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Columbia Seligman Premium Technology Growth Fund is a closed-end equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It invests in public stock markets. The fund seeks to invest in shares of companies operating in the technology sector. It invests primarily in growth stocks of companies.

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