Underlying Index Performance: FHU.TO's price is directly tied to the Solactive US Daily Target 2x Leveraged CAD Index's performance. A rising index generally increases FHU.TO's price and vice versa.

Leverage Factor: FHU.TO is a 2x leveraged ETF. This means it aims to deliver twice the daily percentage change of its underlying index, amplifying both gains and losses.

Market Sentiment: Overall investor sentiment towards the U.S. stock market, particularly the sectors represented in the index, can influence demand for FHU.TO, impacting its price.

Interest Rates: Changes in interest rates can affect the cost of maintaining the leveraged position, potentially impacting the ETF's price.

Currency Fluctuations: As the underlying index tracks U.S. equities, fluctuations in the CAD/USD exchange rate can influence FHU.TO's price in Canadian dollars.

Management Fees and Expenses: The ETF's expense ratio and other operating costs are deducted from its returns, potentially affecting its price over time.

Trading Volume and Liquidity: Higher trading volume and liquidity can lead to tighter bid-ask spreads and potentially better pricing for FHU.TO.

Rebalancing Costs: The fund rebalances daily to maintain its 2x leverage. Rebalancing costs can impact the fund's returns and, consequently, its price.