S&P 500 has seen increased institutional buying: Buy Imbalance reaches +$793.1 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 0.8%. SPY stock last traded at $687.74. Large volume bursts in S&P 500 stocks reached 48.8 million shares worth a total of $8.9 billion in transactions. There was notable buy pressure in the Technology and Consumer Discretionary sectors. Overall, buy volume pressure outpaced sell volume pressure by a 1.2 to 1 ratio. There were 192 stocks that had more buy pressure on balance, and 123 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$793.1 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 63.7%, compared with 36.3% 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 is +$793.1 million, however, the peak buy imbalance for the day occurred at 1:15 PM, when the net buy dollar volume was +$891.0 million. The lowest cumulative sell imbalance occurred at 10:15 AM, when the net sell reached -$205.2 million. The largest spike in imbalance came between 11:00 AM and 11:15 AM when the buy pressure outweighed the sell pressure by a 5.3 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 $323.8 million. 42 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 surpassed sell volume by 1.1 million shares. As of this afternoon, the average purchase price on buy volume was $192.36. The stock price increased $1.27, indicating strength following the trade.