Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) Sees Significant Drop in Short Interest

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,657 shares, a decline of 59.9% from the May 14th total of 6,619 shares. Based on an average daily trading volume, of 8,305 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Tennessee Valley Authority PARRS A 2029

An institutional investor recently raised its position in Tennessee Valley Authority PARRS A 2029 stock. Iat Reinsurance Co. LTD. boosted its stake in shares of Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) by 100.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 520,000 shares of the company’s stock after buying an additional 260,000 shares during the period. Tennessee Valley Authority PARRS A 2029 makes up approximately 2.6% of Iat Reinsurance Co. LTD.’s holdings, making the stock its 12th largest holding. Iat Reinsurance Co. LTD.’s holdings in Tennessee Valley Authority PARRS A 2029 were worth $12,267,000 at the end of the most recent reporting period.

Tennessee Valley Authority PARRS A 2029 Stock Up 0.1%

Shares of NYSE:TVE opened at $23.55 on Friday. Tennessee Valley Authority PARRS A 2029 has a 12 month low of $22.88 and a 12 month high of $24.73. The company has a 50-day moving average price of $23.85 and a 200 day moving average price of $24.15.

Tennessee Valley Authority PARRS A 2029 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 31st will be paid a $0.1385 dividend. This represents a $0.55 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, July 31st.

About Tennessee Valley Authority PARRS A 2029

Tennessee Valley Authority (TVA) PARRS A 2029 (NYSE:TVE) refers to a series of Power System Revenue Bonds issued by the Tennessee Valley Authority, a federally owned corporation established in 1933. As one of the largest public utilities in the United States, TVA operates under a self-financing model that relies on revenues generated from electricity sales rather than tax dollars. The PARRS A 2029 bonds form part of TVA’s long-term debt portfolio, with proceeds earmarked for capital improvements, system modernization and the expansion of generation and transmission capacity.

TVA’s core business encompasses the generation, transmission and sale of electricity across a seven-state service territory that includes most of Tennessee and parts of Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.