S&P 500 has seen increased institutional buying: Buy Imbalance reaches +$87.3 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 $564.95. Large volume bursts in S&P 500 stocks reached 44.1 million shares worth a total of $6.0 billion in transactions. There was notable buy pressure in the Consumer Discretionary and Energy sectors. Overall, buy volume pressure outpaced sell volume pressure by 0.0%. There were 105 stocks that had more buy pressure on balance, and 120 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$87.3 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 50.6%, compared with 49.4% 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 +$87.3 million, however, the peak buy imbalance for the day occurred at 10:15 AM, when the net buy dollar volume was +$559.1 million. The largest spike in imbalance came between 9:30 AM and 9:45 AM when the buy pressure outweighed the sell pressure by a 3.2 to 1 ratio.
Flow by Sector
Consumer Discretionary had the highest amount of dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $654.2 million. 14 of the Consumer Discretionary stocks had positive dollar balance, versus 11 that were net negative.
Individual Stocks
TSLA stock had the single biggest volume burst activity of all the S&P 500 stocks. Buy volume bursts exceeded sell volume by 2.0 million shares. As of this afternoon, the average purchase price on buy volume was $299.74. The stock has gained $15.53, indicating strength following the trade.
