'I Told You So': A 'Crude' Awakening [Seeking Alpha]
iShares Global Timber & Forestry ETF (WOOD)
US:NASDAQ Investor Relations:
ishares.com/us/products/239752/ishares-global-timber-forestry-etf
Company Research
Source: Seeking Alpha
Summary Ok, this time I'm going to say it: "I told you so." Last week, I noted (again) that when oil prices collapsed in early March the correlation between high yield and crude spiked. And I mean it spiked hard : (Goldman) The reason I made such a big deal of that is that it underscored something important about high yield ETFs. Namely, that a whole lot of people don't have any idea what it is they're getting themselves into with vehicles like iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA: HYG ). To be sure, there are already enough problems with junk bond ETFs without having to take into account extreme vulnerability to swings in oil prices (NYSEARCA: USO ). The most pressing issue with HYG and its cousin SPDR Barclays Capital High Yield Bond ETF (NYSEARCA: JNK ) is the liquidity of the underlying bonds. Put simply: those bonds aren't liquid. And as I've spent an inordinate amount of time detailing over the past year, that spells deep -
Show less
Read more
Impact Snapshot
Event Time:
WOOD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WOOD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WOOD alerts
High impacting iShares Global Timber & Forestry ETF news events
Weekly update
A roundup of the hottest topics