The iShares S&P Global Timber & Forestry Index Fund ETF (NASDAQ:WOOD) is seeing unusually high volume in afternoon trading Wednesday, with over 352,000 shares traded versus three month average volume of about 48,000. Shares of WOOD were off about 0.4% on the day.
Components of that ETF with the highest volume on Wednesday were Weyerhauser (NYSE:WY), trading off about 3.5% with over 2.4 million shares changing hands so far this session, and International Paper (NYSE:IP), up about 1.5% on volume of over 2.3 million shares. Fibria Celulose (NYSE:FBR) is the component faring the best Wednesday, up by about 4.9% on the day.
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