Underlying Index Performance: QLD.MX aims to deliver twice the daily performance of the Nasdaq-100. Thus, the Nasdaq-100's fluctuations significantly impact QLD.MX's price.

Leverage Factor: As a leveraged ETF, QLD.MX's price is highly sensitive to market volatility and compounding effects. Rapid market swings can erode its value.

Management Fees & Expenses: The ETF's expense ratio and other management costs detract from its returns, affecting its price.

Supply and Demand: Market demand for QLD.MX shares influences its price. High demand can drive the price up, while increased selling pressure can lower it.

Interest Rates: Changes in interest rates can affect the cost of borrowing used to achieve the leveraged exposure, impacting the ETF's price.

Economic Conditions: Overall economic conditions and investor sentiment influence the tech sector (Nasdaq-100) and, consequently, QLD.MX's performance.

Trading Volume & Liquidity: Lower trading volume can lead to wider bid-ask spreads and potential price slippage when buying or selling QLD.MX shares.