Flynn, IBD posts the current number of institutional owners and the arrow next to the number indicate whether the number has risen or fallen over the last eight weeks. That is from my guide provided by IBD on how to read their paper.
William Oneil provides all information for the paper from his private data banks, considered to be the most sophisticated in the world of investing. He is one of the best, if not the best, on investing, and getting the information needed to do so intelligently.
He literally wrote the books most of us learned from.
I have no idea how he gets his information, but, it is current.
To try and substantiate this for you, I can include an excerpt from an IBD educational post about aspects of their paper.
I INSTITUTIONAL SPONSORSHIP
Institutional sponsorship occurs when mutual funds, pension funds, banks, insurance companies, etc., own shares of a company's common stock. Because it takes large buying volume to stimulate a significant increase in a stock's price, investors should look for companies with at least a minimum level of institutional sponsorship. It is not necessary for a stock to have a large number of institutional owners, but it should have at least a few high quality institutional owners. Investor's Business Daily's stock tables contain several features that allow investors to assess both the quantity and quality of institutional ownership, as well as the ability to determine the degree of buying or selling that has taken place in a stock over the past eight weeks. |
