Underlying Asset Performance: CLDD.AU tracks the Global X Cloud Computing ETF (CLOU) listed in the US. CLOU's performance directly impacts CLDD.AU's price.

Exchange Rate Fluctuations: The AUD/USD exchange rate is crucial. A stronger AUD means CLDD.AU becomes relatively cheaper for Australian investors.

Investor Sentiment: Overall market optimism or pessimism towards cloud computing and technology sectors influences demand for CLDD.AU.

Management Fees & Expenses: CLDD.AU's expense ratio can slightly affect its returns compared to its underlying index.

Supply and Demand: High demand for CLDD.AU can push its price above its net asset value (NAV), while low demand can cause it to trade below NAV.

Index Rebalancing: Changes in the composition of the underlying CLOU ETF can lead to adjustments in CLDD.AU's holdings and price.

Regulatory Changes: Shifts in regulations affecting cloud computing companies globally can impact their profitability and, consequently, CLDD.AU.

Economic Conditions: Macroeconomic factors like interest rates, inflation, and GDP growth can influence investor appetite for technology stocks.

Liquidity: The liquidity of both CLDD.AU and CLOU can affect price volatility. Lower liquidity can lead to larger price swings.

Competition: The availability of similar ETFs or investment options focused on technology or cloud computing can influence CLDD.AU's attractiveness and price.