Constituent Stock Prices: HISU-U.TO tracks the Solactive US Equity Select High Dividend Index CAD Hedged. The prices of the underlying US stocks in that index directly impact the ETF's Net Asset Value (NAV) and therefore its price.

Currency Fluctuations: Although CAD-hedged, slight discrepancies and hedging costs can still affect the ETF's price, especially concerning the USD/CAD exchange rate.

Supply and Demand: General investor sentiment towards high-dividend US stocks and the overall market demand for HISU-U.TO shares can cause the ETF's price to fluctuate above or below its NAV.

Dividend Yields: Changes in the dividend yields of the underlying US stocks will influence the attractiveness and perceived value of HISU-U.TO, affecting its price.

Interest Rates: Rising interest rates can make bonds more attractive, potentially decreasing demand for dividend stocks and HISU-U.TO, impacting its price.

Management Fees and Expenses: The ETF's expense ratio and other operating costs are deducted from its returns, slightly influencing its overall performance and investor perception.

Economic Conditions: Overall economic conditions in the US and Canada can affect investor confidence and market sentiment, influencing demand for HISU-U.TO.