S&P 500 has seen increased institutional buying: Buy Imbalance hits +$652.3 million
Following the Big Money in S&P 500 Stocks
So far in trading today, the S&P 500 ETF is up 1.1%. SPY stock last traded at $509.21. Large volume bursts in S&P 500 stocks reached 40.3 million shares worth a total of $7.1 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 118 stocks that had more buy pressure on balance, and 117 stocks that had more sell pressure from large institutions. As a whole, there was a net positive +$652.3 million in dollar volume trades. A greater amount of the trading volume occurred on lit exchanges, at 63.8%, compared with 36.2% 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 is +$652.3 million, however, the peak buy imbalance for the day occurred at 1:30 PM, when the net buy dollar volume was +$806.9 million. The largest spike in imbalance came between 9:45 AM and 10:00 AM when the buy pressure outweighed the sell pressure by a 2.8 to 1 ratio.
Flow by Sector
Technology had the most dollar volume bursts of all the SPDR sectors, with buy dollar volume exceeding sell dollar volume by $733.1 million. 18 of the Technology stocks had positive dollar balance, versus 22 that were net negative.
Individual Stocks
TSLA stock had the single biggest volume burst activity of all the S&P 500 stocks. Sell volume bursts exceeded buy volume by 153,130 shares. As of this afternoon, the average trade price on sell volume was $169.31. The stock has fallen $0.82, indicating weakness following the trade.
