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

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 11,100 shares, a drop of 45.6% from the January 15th total of 20,400 shares. Based on an average daily volume of 20,400 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Tennessee Valley Authority PARRS A 2029 stock. Summit Financial LLC raised its holdings in shares of Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission.

Tennessee Valley Authority PARRS A 2029 Stock Performance

Shares of TVE stock traded down $0.01 during trading on Thursday, reaching $22.47. 765 shares of the company’s stock traded hands, compared to its average volume of 22,764. Tennessee Valley Authority PARRS A 2029 has a 1 year low of $21.40 and a 1 year high of $25.30. The firm’s 50-day moving average is $22.40 and its 200 day moving average is $22.45.

Tennessee Valley Authority PARRS A 2029 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were given a dividend of $0.1385 per share. This represents a $0.55 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Friday, January 31st.

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.