Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) Short Interest Update

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 5,244 shares, a decrease of 70.7% from the April 15th total of 17,909 shares. Based on an average trading volume of 6,671 shares, the days-to-cover ratio is presently 0.8 days.

Tennessee Valley Authority PARRS A 2029 Stock Performance

Shares of TVE opened at $23.70 on Wednesday. The company’s fifty day moving average is $24.11 and its 200 day moving average is $24.24. Tennessee Valley Authority PARRS A 2029 has a fifty-two week low of $22.86 and a fifty-two week high of $24.73.

Tennessee Valley Authority PARRS A 2029 Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Thursday, April 30th were issued a $0.1385 dividend. The ex-dividend date was Thursday, April 30th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.3%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Tennessee Valley Authority PARRS A 2029 stock. Iat Reinsurance Co. LTD. increased its stake in Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) by 100.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 520,000 shares of the company’s stock after acquiring 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 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 as of its most recent SEC filing.

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.