S&P 500: Large Volume Trades in Focus

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S&P 500 has seen increased institutional buying: Buy Imbalance hits +$725.0 million

Following the Big Money in S&P 500 Stocks

So far in trading today, the S&P 500 ETF is unchanged. SPY stock last traded at $455.21. Large volume bursts in S&P 500 stocks reached 22.7 million shares worth a total of $3.4 billion in transactions. There was notable buy pressure in the Technology and Consumer Discretionary sectors. Overall, buy volume pressure outpaced sell volume pressure by a 1.6 to 1 ratio. There were 116 stocks that had more buy pressure on balance, and 81 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$725.0 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 64.2%, compared with 35.8% being transacted in the dark pool. To learn more about large volume trades, check out our help section.

Daily Chart: Large Volume Bursts Over Time

As you can see from the chart below, the most recent cumulative buy imbalance is +$725.0 million, however, the peak buy imbalance for the day occurred at 1:15 PM, when the net buy dollar volume was +$751.2 million. The largest spike in imbalance came between 1:00 PM and 1:15 PM when the buy pressure outweighed the sell pressure by a 13.1 to 1 ratio.

Flow by Sector

Technology saw the highest amount of dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $421.4 million. 19 of the Technology stocks had positive dollar balance, versus 11 that were net negative.

Individual Stocks

TSLA stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 303,796 shares. As of this afternoon, the average purchase price on buy volume was $236.08. The stock has rallied $1.96, indicating strength following the trade.