S&P 500 has seen increased institutional buying: Buy Imbalance sits at +$1.4 billion
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 0.4%. SPY stock last traded at $593.06. Large volume bursts in S&P 500 stocks reached 41.7 million shares worth a total of $6.5 billion in transactions. There was notable buy pressure in the Utilities and Consumer Discretionary sectors. Overall, buy volume pressure outpaced sell volume pressure by a 1.6 to 1 ratio. There were 131 stocks that had more buy pressure on balance, and 95 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$1.4 billion in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 61.9%, compared with 38.1% 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 +$1.4 billion, however, the peak buy imbalance for the day occurred at 1:45 PM, when the net buy dollar volume was +$1.4 billion. The lowest cumulative sell imbalance occurred at 10:45 AM, when the net sell reached -$146.8 million. The largest spike in imbalance came between 12:15 PM and 12:30 PM when the buy pressure outweighed the sell pressure by a 11.3 to 1 ratio.
Flow by Sector
Technology had the largest dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $182.6 million. 23 of the Technology stocks had positive dollar balance, versus 16 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 918,247 shares. As of this afternoon, the average purchase price on buy volume was $135.37. The stock has rallied $0.85, indicating strength following the trade.
