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

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 2,993 shares, an increase of 68.0% from the September 30th total of 1,782 shares. Based on an average daily trading volume, of 10,501 shares, the days-to-cover ratio is presently 0.3 days.

Tennessee Valley Authority PARRS A 2029 Price Performance

NYSE TVE opened at $23.26 on Wednesday. The stock’s fifty day moving average is $23.28 and its two-hundred day moving average is $23.75. Tennessee Valley Authority PARRS A 2029 has a fifty-two week low of $22.83 and a fifty-two week high of $24.73.

Tennessee Valley Authority PARRS A 2029 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were paid a $0.1385 dividend. The ex-dividend date of this dividend was Friday, October 30th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.4%.

About Tennessee Valley Authority PARRS A 2029

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) is a security issued by the Tennessee Valley Authority (TVA), a federally owned corporation established in 1933. TVA is not a traditional publicly traded operating company; it finances its activities through securities and uses the proceeds to support its energy and regional development operations.

TVA is the largest public power provider in the United States. Its primary business is generating and supplying electricity to local power companies, municipalities, industrial customers and federal installations.