Short Interest in Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) Drops By 49.8%

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 11,800 shares, a drop of 49.8% from the February 28th total of 23,500 shares. Based on an average daily trading volume, of 21,900 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Tennessee Valley Authority PARRS A 2029

An institutional investor recently raised its position 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 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,285 shares of the company’s stock after buying 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 quarter.

Tennessee Valley Authority PARRS A 2029 Stock Up 0.5 %

Shares of NYSE TVE traded up $0.12 during mid-day trading on Friday, reaching $23.48. 57,732 shares of the company’s stock traded hands, compared to its average volume of 19,097. The business has a 50-day simple moving average of $22.84 and a 200 day simple moving average of $22.61. Tennessee Valley Authority PARRS A 2029 has a 1-year low of $21.40 and a 1-year high of $25.30.

Tennessee Valley Authority PARRS A 2029 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.1385 per share. This represents a $0.55 dividend on an annualized basis and a yield of 2.36%. 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.