Short Interest in Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) Drops By 60.8%

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 3,589 shares, a decline of 60.8% from the June 30th total of 9,166 shares. Based on an average daily volume of 3,995 shares, the short-interest ratio is currently 0.9 days.

Tennessee Valley Authority PARRS A 2029 Trading Up 0.0%

Shares of TVE stock opened at $23.53 on Monday. Tennessee Valley Authority PARRS A 2029 has a twelve month low of $23.11 and a twelve month high of $24.73. The stock has a fifty day simple moving average of $23.54 and a two-hundred day simple moving average of $24.00.

Tennessee Valley Authority PARRS A 2029 Dividend Announcement

The company 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. This represents a $0.55 annualized dividend and a dividend 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.