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

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

Tennessee Valley Authority PARRS A 2029 Stock Up 0.1%

Shares of NYSE TVE traded up $0.03 during midday trading on Tuesday, reaching $23.57. The stock had a trading volume of 7,381 shares, compared to its average volume of 14,053. The company’s 50 day moving average price is $23.54 and its 200 day moving average price is $23.99. Tennessee Valley Authority PARRS A 2029 has a twelve month low of $23.11 and a twelve month high of $24.73.

Tennessee Valley Authority PARRS A 2029 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 31st will be given a $0.1385 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $0.55 annualized dividend and a dividend yield of 2.3%.

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.