Underlying Index Performance: FLDZ tracks the MicroSectors FANG+ Index 3X Leveraged, so its price heavily depends on the index's performance.

Leverage Factor: FLDZ is a 3x leveraged ETF, amplifying both gains and losses of the FANG+ index.

Market Sentiment: Overall market sentiment towards technology stocks and growth stocks significantly impacts FLDZ.

Interest Rates: Changes in interest rates can affect the valuation of the underlying companies in the FANG+ index, influencing FLDZ's price.

Volatility: Higher market volatility generally leads to increased trading activity and potentially wider price swings in FLDZ.

Expense Ratio and Management Fees: The ETF's expense ratio and management fees directly impact its net asset value (NAV) and thus its market price.

Supply and Demand: Basic supply and demand dynamics in the market for FLDZ shares influence its price fluctuations.

Trading Volume and Liquidity: Low trading volume or limited liquidity can result in wider bid-ask spreads and potential price discrepancies.