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

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 3,589 shares, a decrease of 60.8% from the June 30th total of 9,166 shares. Based on an average daily trading volume, of 3,995 shares, the days-to-cover ratio is currently 0.9 days.

Tennessee Valley Authority PARRS A 2029 Stock Up 0.1%

NYSE:TVE opened at $23.57 on Wednesday. The company has a 50-day moving average of $23.54 and a 200-day moving average of $23.98. Tennessee Valley Authority PARRS A 2029 has a 52 week low of $23.11 and a 52 week high of $24.73.

Tennessee Valley Authority PARRS A 2029 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 31st will be issued a dividend of $0.1385 per share. This represents a $0.55 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, July 31st.

Tennessee Valley Authority PARRS A 2029 Company Profile

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.