Moreover, some argue that the recent strength in copper prices is also driving greater forward momentum through short-covering – previous short sellers are calling it quits and buying back into the asset to cover their short positions. [Copper ETFs Rebound]

Investors have started nibbling at ECH. Since the start of April, the ETF has added $44.2 million in new assets. Over the same period, EWZ, the largest Brazil ETF, has bled $97 million. ECH’s inflow tally over that period is second only to the iShares MSCI Mexico Capped ETF (NYSEArca: EWW) for inflows.

iShares MSCI Chile Capped ETF

ETF Trends editorial team contributed to this article.