S&P 500 has seen increased institutional buying: Buy Imbalance sits at +$538.3 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 $587.86. Large volume bursts in S&P 500 stocks reached 44.3 million shares worth a total of $6.1 billion in transactions. There was notable buy pressure in the Consumer Discretionary and Communication Services sectors. Overall, buy volume pressure outpaced sell volume pressure by a 1.2 to 1 ratio. There were 125 stocks that had more buy pressure on balance, and 115 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$538.3 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 62.5%, compared with 37.5% 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 +$538.3 million, however, the peak buy imbalance for the day occurred at 12:30 PM, when the net buy dollar volume was +$873.1 million. The largest spike in imbalance came between 10:00 AM and 10:15 AM when the buy pressure outweighed the sell pressure by a 11.0 to 1 ratio.
Flow by Sector
Consumer Discretionary experienced the largest dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $243.8 million. 17 of the Consumer Discretionary stocks had positive dollar balance, versus 12 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 701,917 shares. As of this afternoon, the average purchase price on buy volume was $344.19. The stock has gained $15.01, indicating strength following the trade.
