S&P 500 has seen increased institutional buying: Buy Imbalance sits at +$606.5 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 $605.34. Large volume bursts in S&P 500 stocks reached 66.5 million shares worth a total of $7.9 billion in transactions. There was notable buy pressure in the Technology and Financial sectors. Overall, buy volume pressure outpaced sell volume pressure by a 1.2 to 1 ratio. There were 130 stocks that had more buy pressure on balance, and 132 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$606.5 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 52.7%, compared with 47.3% 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 of +$606.5 million occurred at 2:00 PM. This also represented the peak buy imbalance for the day. The lowest cumulative sell imbalance occurred at 9:45 AM, when the net sell reached -$44.0 million. The largest spike in imbalance came between 11:45 AM and 12:00 PM when the buy pressure outweighed the sell pressure by a 2.9 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 $565.0 million. 25 of the Technology stocks had positive dollar balance, versus 19 that were net negative.
Individual Stocks
F stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts exceeded buy volume by 4.3 million shares. As of this afternoon, the average trade price on sell volume was $9.40. The stock has dropped $0.65, indicating weakness following the trade.
