Underlying Asset Performance: MTI.PA's price heavily depends on the performance of the underlying assets it tracks, typically Hungarian equities. Rising stock values increase the ETF's value, while falling values decrease it.

Supply and Demand: Increased demand for MTI.PA can drive its price higher, while increased selling pressure can lower it. Market sentiment and investor confidence play a role here.

Index Rebalancing: Changes in the composition or weighting of the index MTI.PA tracks can lead to adjustments in the ETF's holdings, potentially impacting its price during rebalancing periods.

Management Fees and Expenses: The expense ratio charged by the ETF provider directly affects its net asset value and thus indirectly influences its market price. Higher fees can slightly reduce returns.

Currency Fluctuations: Since MTI.PA invests in Hungarian assets, changes in the exchange rate between the Euro (trading currency) and the Hungarian Forint can influence the ETF's price.