S&P 500 has seen increased institutional buying: Buy Imbalance hits +$273.7 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 $661.40. Large volume bursts in S&P 500 stocks reached 43.8 million shares worth a total of $6.9 billion in transactions. There was notable buy pressure in the Consumer Discretionary and Health Care sectors. Overall, buy volume pressure outpaced sell volume pressure by 0.0%. There were 141 stocks that had more buy pressure on balance, and 134 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$273.7 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 57.1%, compared with 42.9% 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 +$273.7 million, however, the peak buy imbalance for the day occurred at 10:30 AM, when the net buy dollar volume was +$672.3 million. The lowest cumulative sell imbalance occurred at 9:45 AM, when the net sell reached -$16.7 million. The largest spike in imbalance came between 10:15 AM and 10:30 AM when the buy pressure outweighed the sell pressure by a 3.4 to 1 ratio.
Flow by Sector
Technology saw the most dollar volume bursts of all the SPDR sectors, with sell dollar volume exceeding buy dollar volume by $60.6 million. 24 of the Technology stocks had positive dollar balance, versus 26 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 495,340 shares. As of this afternoon, the average purchase price on buy volume was $182.30. The stock has rallied $0.45, indicating strength following the trade.