S&P 500 has seen increased institutional buying: Buy Imbalance sits at +$382.0 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 0.7%. SPY stock last traded at $583.70. Large volume bursts in S&P 500 stocks reached 29.8 million shares worth a total of $4.3 billion in transactions. There was notable buy pressure in the Technology and Communication Services sectors. Overall, buy volume pressure outpaced sell volume pressure by a 1.2 to 1 ratio. There were 101 stocks that had more buy pressure on balance, and 98 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$382.0 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 63.6%, compared with 36.4% 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 +$382.0 million, however, the peak buy imbalance for the day occurred at 10:00 AM, when the net buy dollar volume was +$603.6 million. The largest spike in imbalance came between 9:45 AM and 10:00 AM when the buy pressure outweighed the sell pressure by a 6.6 to 1 ratio.
Flow by Sector
Technology had the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $362.5 million. 20 of the Technology stocks had positive dollar balance, versus 21 that were net negative.
Individual Stocks
NVDA stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 2.5 million shares. As of this afternoon, the average purchase price on buy volume was $138.55. The stock has rallied $3.90, indicating strength following the trade.
