Underlying Asset Performance: 2STR tracks the Solactive 2x US Tech Equities Target Leverage Index. Thus, the performance of US technology stocks significantly impacts its price.

Leverage: Being a leveraged ETF, its price fluctuations are amplified compared to non-leveraged ETFs tracking the same underlying index. This means both gains and losses are doubled.

Index Tracking Accuracy: The ETF's ability to accurately replicate the performance of the Solactive index affects its price. Deviations lead to tracking error and price discrepancies.

Market Sentiment: Overall investor sentiment toward US technology stocks and leveraged products influences demand and, consequently, the ETF's price.

Management Fees and Expenses: Higher fees reduce returns, impacting the ETF's price over time compared to a similar, lower-cost ETF.

Supply and Demand: General market forces of supply and demand for the ETF units influence its price on the London Stock Exchange (LSE).

Currency Fluctuations: Changes in the GBP/USD exchange rate can affect the ETF's price since the underlying assets are US-based.

Volatility Harvesting/Decay: Due to daily rebalancing required to maintain leverage, periods of high volatility can erode returns, reducing the price of the ETF over time.