Asset Value: GEND.US's price mirrors the value of its underlying assets, primarily securities of companies focused on gender equality. A rise in these companies' stock prices generally increases the ETF's price.

Supply & Demand: Market forces significantly impact GEND.US's price. Higher demand can lead to a price premium, while increased selling pressure may decrease its value.

Expense Ratio: While not directly influencing daily price fluctuations, GEND.US's expense ratio reduces overall returns. A higher ratio can make it less attractive, potentially affecting demand over time.

Market Sentiment: Broader market trends and investor sentiment towards ESG (Environmental, Social, and Governance) investing affect GEND.US. Positive sentiment boosts demand and price.

Tracking Error: Imperfect tracking of the underlying index leads to tracking error. Higher tracking error may negatively impact investor confidence, affecting the ETF's price.

Economic Conditions: Overall economic health influences company performance within GEND.US. Strong economic growth usually supports higher company earnings and, consequently, the ETF's price.