XLF Dark Pool Activity
ATS off-exchange volume intelligence · Week of 2026-07-20
XLF dark pool volume for the week of 2026-07-20: 22.2M shares traded across 26 ATS venues with a total notional value of $1.25B. Volume is down 34.1% week-over-week. Off-exchange dark pool transactions account for 15.8% of total XLF market volume — elevated above the typical 10–14% institutional baseline, potentially signaling active accumulation or distribution. Primary routing venues include , UBS ATS, LEVEL ATS.
Dark pool activity in XLF 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 XLF.
Weekly History
| Week | Shares | DP % | WoW |
|---|---|---|---|
| 2026-07-20 | 22.2M | 15.8% | -34.1% |
| 2026-07-13 | 33.8M | 24.1% | +26.4% |
| 2026-07-06 | 26.7M | 19.0% | +20.0% |
| 2026-06-29 | 22.3M | 15.9% | +2.0% |
| 2026-06-22 | 21.8M | 13.9% | -18.6% |
| 2026-06-15 | 26.8M | 15.1% | -26.0% |
| 2026-06-08 | 36.2M | 20.3% | -9.9% |
| 2026-06-01 | 40.2M | 24.9% | +47.6% |
| 2026-05-25 | 27.2M | 16.9% | -16.8% |
| 2026-05-18 | 32.7M | 20.3% | +8.8% |
| 2026-05-11 | 30.1M | 18.7% | -25.7% |
| 2026-05-04 | 40.5M | 25.1% | +46.3% |