Underlying Holdings Performance: ISHG.US's price is directly tied to the performance of the underlying Israeli companies it holds. Positive earnings or growth forecasts for these companies generally push the ETF's price higher.

Geopolitical Risk: Given its focus on Israeli companies, geopolitical events in the Middle East significantly impact investor sentiment and, consequently, ISHG.US's price. Increased instability often leads to price declines.

Currency Fluctuations: The exchange rate between the US dollar and the Israeli shekel affects the ETF's value. A stronger shekel relative to the dollar boosts returns for US investors and can increase demand.

Global Market Conditions: Broad market trends and global economic factors impact investment decisions. Positive global sentiment and strong equity markets typically support higher prices for ETFs like ISHG.US.

Interest Rates: Changes in interest rates, particularly those set by the Bank of Israel, can affect the valuations of Israeli companies and, by extension, ISHG.US's price. Higher rates might negatively impact borrowing costs.

Investor Demand: Supply and demand dynamics affect any ETF's price. Increased investor interest in Israeli equities or the ETF itself pushes the price up, while selling pressure causes it to fall.

Expense Ratio: Although not a direct driver of daily price fluctuations, the ETF's expense ratio subtly impacts long-term returns. Lower expense ratios make the ETF more attractive and indirectly support its value.