S&P 500 has seen increased institutional buying: Buy Imbalance reaches +$988.2 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 $682.14. Large volume bursts in S&P 500 stocks reached 36.0 million shares worth a total of $6.9 billion in transactions. There was notable buy pressure in the Technology and Consumer Discretionary sectors. Overall, buy volume pressure surpassed sell volume pressure by a 1.4 to 1 ratio. There were 156 stocks that had more buy pressure on balance, and 122 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$988.2 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 52.4%, compared with 47.6% 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 +$988.2 million, however, the peak buy imbalance for the day occurred at 1:30 PM, when the net buy dollar volume was +$1.0 billion. The largest spike in imbalance came between 10:45 AM and 11:00 AM when the buy pressure outweighed the sell pressure by a 3.6 to 1 ratio.
Flow by Sector
Technology experienced the largest dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $605.2 million. 31 of the Technology stocks had positive dollar balance, versus 22 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 611,024 shares. As of this afternoon, the average purchase price on buy volume was $188.17. Despite the buy pressure, the stock has dropped $0.44 on the day.