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

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 31,000 shares, an increase of 179.3% from the January 31st total of 11,100 shares. Based on an average daily volume of 21,400 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Investors Weigh In On Tennessee Valley Authority PARRS A 2029

An institutional investor recently raised its position in Tennessee Valley Authority PARRS A 2029 stock. Summit Financial LLC grew its holdings in shares of Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,285 shares of the company’s stock after purchasing an additional 1,890 shares during the period. Summit Financial LLC’s holdings in Tennessee Valley Authority PARRS A 2029 were worth $1,032,000 as of its most recent SEC filing.

Tennessee Valley Authority PARRS A 2029 Stock Down 0.1 %

NYSE:TVE traded down $0.02 during mid-day trading on Friday, reaching $22.99. The stock had a trading volume of 11,160 shares, compared to its average volume of 21,559. Tennessee Valley Authority PARRS A 2029 has a 1-year low of $21.40 and a 1-year high of $25.30. The stock’s 50 day simple moving average is $22.46 and its two-hundred day simple moving average is $22.49.

Tennessee Valley Authority PARRS A 2029 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Wednesday, April 30th will be given a $0.1385 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.55 annualized dividend and a dividend yield of 2.41%.

About Tennessee Valley Authority PARRS A 2029

for more than eight decades, the tennessee valley authority has provided affordable electricity, environmental stewardship and economic development opportunities to the tennessee valley. tva was established by congress in 1933 to address a wide range of environmental, economic and technological issues, including the need for low-cost electricity, and navigation and flood control along the tennessee river system.