Momentum Investing: DWAS focuses on stocks with high price momentum; strong momentum can drive up demand and its price. Poor momentum can have the opposite effect.

Sector Performance: The ETF's sector allocation impacts its price. For example, a heavy allocation to a struggling sector will negatively affect the ETF's overall performance.

Overall Market Conditions: Broad market uptrends tend to lift all ETFs, including DWAS.US, while market downturns typically exert downward pressure.

Interest Rates: Rising interest rates can make bonds more attractive, leading investors to sell stocks, including those held in DWAS, potentially lowering its price. Conversely, falling rates may boost stock demand.

Economic Data Releases: Major economic reports, such as inflation figures or GDP growth data, can influence investor sentiment and trading activity, thereby impacting the price of DWAS.

Fund Flows: Large inflows into DWAS suggest strong investor demand, which can push the price higher. Conversely, large outflows can signal waning interest and lead to price declines.

Expense Ratio & Trading Costs: The ETF's expense ratio reduces overall returns over time. Higher trading costs, such as brokerage commissions, can affect the overall investment cost.