Underlying Holdings Performance: MTDD.F's price is heavily influenced by the performance of the underlying securities it holds. Positive performance of these assets generally leads to an increase in the ETF's price, while negative performance leads to a decrease. Market Sentiment: Overall investor sentiment and market trends play a significant role. Broad market optimism often drives up ETF prices, while pessimism can cause them to fall. Supply and Demand: Like any security, the supply and demand for MTDD.F shares directly impacts its price. Higher demand than supply results in price increases, and vice versa. Currency Fluctuations: As a foreign-domiciled ETF, currency exchange rates between the home country and the investor's currency can affect the ETF's price when converted. Expense Ratio and Management Fees: The ETF's expense ratio and management fees can indirectly influence the overall return and attractiveness, thus affecting its market price. Tracking Error: The ETF's ability to accurately track its benchmark index affects its price. Higher tracking error might lead to deviations from the expected performance and thus price.