iNAV: The indicative Net Asset Value reflects the real-time estimated value of the ETF's underlying holdings. Discrepancies between the market price and iNAV can create arbitrage opportunities, influencing price adjustments. Supply/Demand: Increased investor demand typically pushes the ETF's price upward, while increased selling pressure can drive it down. Underlying Assets: HTB-U.TO tracks high-yield US corporate bonds. Changes in the prices or yields of these bonds directly impact the ETF's value. Credit Spreads: Widening credit spreads, indicating higher perceived risk of default, usually negatively affect high-yield bond prices, and consequently, the ETF price. Interest Rates: Rising interest rates generally decrease bond values, causing the ETF's price to decline. Conversely, falling rates can boost bond values and the ETF's price. Market Sentiment: General investor optimism or pessimism regarding high-yield debt or the overall economy can significantly affect the ETF's trading price.