Net Asset Value (NAV): The intrinsic value reflecting underlying holdings' market value. A higher NAV usually pushes the ETF price up.

Supply and Demand: Increased buying pressure can drive up the price, while higher selling volume may lead to a price decrease.

Index Performance: As EXH4.DU tracks an index, the index's performance significantly influences the ETF's price.

Currency Fluctuations: Since EXH4.DU is traded in EUR and may hold assets in other currencies, exchange rate changes impact its price.

Expense Ratio: Higher expense ratios can indirectly affect the ETF's overall returns and potentially its attractiveness to investors.

Market Sentiment: General market optimism or pessimism affects investor behavior and consequently the ETF's price.

Interest Rates: Changes in interest rates can impact the valuation of the underlying assets held by the ETF.

Trading Volume and Liquidity: Higher liquidity generally leads to tighter bid-ask spreads and more efficient price discovery.