The iShares Global Timber & Forestry ETF (NASDAQ:WOOD) is seeing unusually high volume in afternoon trading Wednesday, with over 365,000 shares traded versus three month average volume of about 33,000. Shares of WOOD were down about 1.1% on the day.
Components of that ETF with the highest volume on Wednesday were International Paper (NYSE:IP), trading off about 2.5% with over 2.4 million shares changing hands so far this session, and Weyerhaeuser (NYSE:WY), off about 2.5% on volume of over 2.2 million shares. Kapstone Paper and Packaging (KS) is the component faring the best Wednesday, up by about 0.1% on the day, while Potlatchdeltic (NASDAQ:PCH) is lagging other components of the iShares Global Timber & Forestry ETF, trading lower by about 3.8%.
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