PHO Dark Pool Activity

ATS off-exchange volume intelligence · Week of 2026-07-20

PHO dark pool volume for the week of 2026-07-20: 60.3K shares traded across 17 ATS venues with a total notional value of $4.1M. Volume is up 59.8% week-over-week. Primary routing venues include , INTELLIGENT CROSS LLC, LEVEL ATS.

Dark pool activity in PHO reflects institutional order flow executing on Alternative Trading Systems (ATS) registered with the SEC — private venues where large-block trades are matched away from public exchanges to minimize price impact. StonkWhisper ingests FINRA-published ATS volume data to track these off-exchange flows. Sustained elevation in dark pool percentage — particularly when concentrated at specific venues — can indicate institutional accumulation or distribution ahead of significant price moves. The interactive charts below show 12-week historical volume and complete venue breakdown for PHO.