Short Interest in Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) Grows By 179.3%

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) was the target of a significant increase in short interest during the month of 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 trading volume of 21,400 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Tennessee Valley Authority PARRS A 2029 stock. Summit Financial LLC increased its stake in shares of Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,285 shares of the company’s stock after purchasing an additional 1,890 shares during the quarter. Summit Financial LLC’s holdings in Tennessee Valley Authority PARRS A 2029 were worth $1,032,000 at the end of the most recent reporting period.

Tennessee Valley Authority PARRS A 2029 Stock Down 0.0 %

Shares of TVE stock traded down $0.01 during trading on Friday, reaching $23.00. 28,227 shares of the company’s stock were exchanged, compared to its average volume of 22,129. The firm’s fifty day moving average price is $22.47 and its 200-day moving average price is $22.49. Tennessee Valley Authority PARRS A 2029 has a twelve month low of $21.40 and a twelve month high of $25.30.

Tennessee Valley Authority PARRS A 2029 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Wednesday, April 30th will be given a dividend of $0.1385 per share. This represents a $0.55 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Wednesday, April 30th.

Tennessee Valley Authority PARRS A 2029 Company Profile

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.