S&P 500 has seen increased institutional buying: Buy Imbalance reaches +$1.5 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is down 0.4%. SPY stock last traded at $503.33. Large volume bursts in S&P 500 stocks reached 46.1 million shares worth a total of $7.6 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 129 stocks that had more buy pressure on balance, and 125 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$1.5 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 54.5%, compared with 45.5% 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 +$1.5 billion, however, the peak buy imbalance for the day occurred at 2:00 PM, when the net buy dollar volume was +$1.5 billion. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the buy pressure outweighed the sell pressure by a 3.0 to 1 ratio.
Flow by Sector
Technology experienced the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $612.7 million. 22 of the Technology stocks had positive dollar balance, versus 20 that were net negative.
Individual Stocks
WMT stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 3.7 million shares. As of this afternoon, the average purchase price on buy volume was $60.25. The stock has rallied $0.53, indicating strength following the trade.
