Underlying Holdings Performance: MOED.F's price closely tracks the performance of the energy companies it holds. Higher oil and gas prices, increased production, or positive earnings reports from these companies can drive the ETF's price up, while negative news can cause it to fall.

Supply and Demand: Like any traded security, MOED.F's price is influenced by supply and demand. Increased investor demand pushes the price higher, while increased selling pressure lowers it.

Expense Ratio: While not a direct driver of price, the expense ratio affects the overall return. A higher expense ratio eats into returns, potentially making it less attractive compared to similar ETFs with lower fees.

Market Sentiment: Overall investor sentiment towards the energy sector can impact MOED.F's price. Optimism about future energy demand or positive forecasts for oil prices can lead to increased investment and higher prices.

Currency Fluctuations: Since MOED.F may hold international energy companies, currency exchange rates can impact its price. A stronger local currency compared to the currencies of the held companies could negatively affect returns.

Index Tracking Accuracy: How closely the ETF tracks its underlying index influences its price. Efficient tracking minimizes discrepancies between the ETF's price and the index's performance.

Oil and Gas Prices: Fluctuations in the prices of crude oil and natural gas have a direct and significant impact on the profitability of energy companies, and therefore, on MOED.F's value. Rising prices generally boost the ETF's price.

Interest Rates: Rising interest rates can make investments in high-growth sectors like energy less appealing, potentially impacting MOED.F. Higher rates increase borrowing costs for energy companies, potentially lowering profitability.