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 growth in short interest during the month of June. As of June 30th, there was short interest totaling 9,166 shares, a growth of 399.8% from the June 15th total of 1,834 shares. Based on an average trading volume of 17,297 shares, the days-to-cover ratio is presently 0.5 days.

Tennessee Valley Authority PARRS A 2029 Stock Performance

Shares of TVE stock traded up $0.06 during trading on Monday, hitting $23.55. The company’s stock had a trading volume of 616 shares, compared to its average volume of 14,544. The business has a fifty day moving average of $23.57 and a 200-day moving average of $24.05. Tennessee Valley Authority PARRS A 2029 has a 52 week low of $23.10 and a 52 week high of $24.73.

Tennessee Valley Authority PARRS A 2029 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 31st will be given a dividend of $0.1385 per share. This represents a $0.55 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date 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.