S&P 500 has seen increased institutional buying: Buy Imbalance reaches +$630.9 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 1.6%. SPY stock last traded at $572.97. Large volume bursts in S&P 500 stocks reached 39.0 million shares worth a total of $5.7 billion in transactions. There was notable buy pressure in the Consumer Discretionary and Technology sectors. Overall, buy volume pressure outpaced sell volume pressure by a 1.3 to 1 ratio. There were 83 stocks that had more buy pressure on balance, and 119 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$630.9 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 65.1%, compared with 34.9% 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 +$630.9 million, however, the peak buy imbalance for the day occurred at 12:15 PM, when the net buy dollar volume was +$789.1 million. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the buy pressure outweighed the sell pressure by a 5.3 to 1 ratio.
Flow by Sector
Technology had the highest amount of dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $223.7 million. 13 of the Technology stocks had positive dollar balance, versus 24 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 2.7 million shares. As of this afternoon, the average purchase price on buy volume was $121.43. The stock price increased $4.11, indicating strength following the trade.
