Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) Short Interest Down 59.9% in May

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

Tennessee Valley Authority PARRS A 2029 Stock Up 0.1%

TVE traded up $0.02 on Friday, hitting $23.55. The company’s stock had a trading volume of 3,272 shares, compared to its average volume of 15,219. The company’s 50 day simple moving average is $23.84 and its 200-day simple moving average is $24.14. Tennessee Valley Authority PARRS A 2029 has a 12 month low of $22.88 and a 12 month high of $24.73.

Tennessee Valley Authority PARRS A 2029 Announces Dividend

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

Institutional Trading of Tennessee Valley Authority PARRS A 2029

A hedge fund recently raised its stake in Tennessee Valley Authority PARRS A 2029 stock. Iat Reinsurance Co. LTD. boosted its position in Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) by 100.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 520,000 shares of the company’s stock after purchasing an additional 260,000 shares during the quarter. Tennessee Valley Authority PARRS A 2029 comprises 2.6% of Iat Reinsurance Co. LTD.’s investment portfolio, making the stock its 12th biggest position. 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.

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.