S&P 500 has seen increased institutional buying: Buy Imbalance reaches +$618.2 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 $682.73. Large volume bursts in S&P 500 stocks reached 37.9 million shares worth a total of $5.3 billion in transactions. There was notable buy pressure in the Technology and Consumer Discretionary sectors. Overall, buy volume pressure exceeded sell volume pressure by a 1.3 to 1 ratio. There were 132 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 +$618.2 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 54.8%, compared with 45.2% 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 +$618.2 million, however, the peak buy imbalance for the day occurred at 1:45 PM, when the net buy dollar volume was +$816.6 million. The lowest cumulative sell imbalance occurred at 9:45 AM, when the net sell reached -$150.8 million. The largest spike in imbalance came between 1:45 PM and 2:00 PM when the sell pressure surpassed the buy pressure by a 21.9 to 1 ratio.
Flow by Sector
Technology had the biggest dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $734.9 million. 28 of the Technology stocks had positive dollar balance, versus 13 that were net negative.
Individual Stocks
HBAN stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 2.4 million shares. As of this afternoon, the average purchase price on buy volume was $16.51. The stock has gained $0.25, indicating strength following the trade.