Underlying Index Performance: MAXI.US aims to track a specific index. The price of the ETF will largely reflect the price movements of the securities within that index.

Supply and Demand: Basic economic principles dictate that if demand for MAXI.US shares increases, and supply remains constant, the price will rise, and vice versa.

Management Fees and Expenses: While not directly impacting the market price, higher expense ratios can detract from overall returns and indirectly affect investor sentiment and demand.

Trading Volume and Liquidity: Higher trading volume usually indicates greater liquidity, which can lead to tighter bid-ask spreads and prices more accurately reflecting the ETF's net asset value (NAV).

Market Sentiment: Overall investor confidence and outlook on the market or the specific sector the ETF tracks can influence buying and selling pressure, thus affecting the price.

Economic Conditions: Macroeconomic factors such as interest rates, inflation, and economic growth can all influence the valuations of the underlying companies held by the ETF, and therefore impact the ETF price.