Underlying Asset Performance: The price of FGLR.XETRA is primarily driven by the performance of the underlying assets it tracks, reflecting gains or losses in those holdings.

Supply and Demand: Market forces of supply and demand for the ETF itself impact its price, with higher demand pushing prices up and increased supply leading to price decreases.

Index Tracking Accuracy: How closely the ETF mirrors its benchmark index affects its price; deviations can occur due to fees, expenses, and imperfect replication strategies.

Investor Sentiment: Overall market sentiment and investor confidence in the sectors or assets represented by the ETF can significantly influence buying and selling activity.

Currency Fluctuations: As a XETRA-listed ETF, currency exchange rates between the Euro and other currencies (especially if the underlying assets are not Euro-denominated) affect its price.

Expense Ratio & Trading Costs: The ETF's expense ratio and associated trading costs (brokerage fees) indirectly influence its price, reducing overall returns compared to the underlying index.