S&P 500 has seen increased institutional buying: Buy Imbalance reaches +$430.0 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 0.7%. SPY stock last traded at $554.59. Large volume bursts in S&P 500 stocks reached 34.2 million shares worth a total of $3.9 billion in transactions. There was notable buy pressure in the Technology and Communication Services sectors. Overall, buy volume pressure exceeded sell volume pressure by a 1.3 to 1 ratio. There were 127 stocks that had more buy pressure on balance, and 109 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$430.0 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 51.8%, compared with 48.2% 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 of +$430.0 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 -$32.6 million. The largest spike in imbalance came between 10:45 AM and 11:00 AM when the buy pressure outweighed the sell pressure by a 7.3 to 1 ratio.
Flow by Sector
Consumer Discretionary had the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $35.9 million. 10 of the Consumer Discretionary stocks had positive dollar balance, versus 12 that were net negative.
Individual Stocks
F stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 3.2 million shares. As of this afternoon, the average purchase price on buy volume was $10.08. The stock has gained $0.11, indicating strength following the trade.