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

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) was the target of a significant 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 trading volume of 8,305 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Tennessee Valley Authority PARRS A 2029 stock. Iat Reinsurance Co. LTD. increased its holdings in shares of Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) by 100.0% in the third quarter, according to its most recent filing with the SEC. The fund 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 comprises 2.6% of Iat Reinsurance Co. LTD.’s 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.

Tennessee Valley Authority PARRS A 2029 Stock Performance

Tennessee Valley Authority PARRS A 2029 stock 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 firm 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 31st will be paid 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%.

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.