Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) Sees Large Growth in Short Interest

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 28,300 shares, an increase of 52.2% from the August 31st total of 18,600 shares. Based on an average daily volume of 15,900 shares, the days-to-cover ratio is presently 1.8 days.

Hedge Funds Weigh In On Tennessee Valley Authority PARRS A 2029

An institutional investor recently raised its position in Tennessee Valley Authority PARRS A 2029 stock. Summit Financial LLC raised its stake in shares of Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) by 30.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,791 shares of the company’s stock after purchasing an additional 9,550 shares during the period. Summit Financial LLC’s holdings in Tennessee Valley Authority PARRS A 2029 were worth $899,000 at the end of the most recent quarter.

Tennessee Valley Authority PARRS A 2029 Stock Performance

NYSE:TVE traded down $0.06 during trading hours on Friday, hitting $22.60. The company’s stock had a trading volume of 25,106 shares, compared to its average volume of 16,222. Tennessee Valley Authority PARRS A 2029 has a twelve month low of $20.72 and a twelve month high of $23.01. The stock has a fifty day simple moving average of $22.43 and a 200-day simple moving average of $22.00.

Tennessee Valley Authority PARRS A 2029 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 31st will be issued a dividend of $0.1385 per share. This represents a $0.55 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Thursday, October 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.