JELH Janus Henderson Equity Linked High Income ETF
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Janus Henderson Equity Linked High Income ETF (JELH) ETF
No description available.
- Exchange
- BATS
- Inception
- 2026-04-21
- Has Options
- No
- Expense ratio
- 0.59% issuer, Oct 22, 2026
- Assets
- $22M issuer-reported, Oct 20, 2026
- Trailing yield
- 3.93% paid monthly
- Average daily volume
- $208K 30 sessions
- Holdings
- 33 top 10 are 1.8%
- Listed
- Apr 21, 2026 Cboe BZX
- Net asset value
- $25.61 issuer, Oct 21, 2026 · closed +0.43% to NAV
- Median bid/ask spread
- 0.47% 30 days, issuer-reported
- 30-day SEC yield
- 3.24% issuer, Sep 30, 2026
Moves with. High yield over Treasuries (5% of its variance, beta 0.43); Gold (3% of its variance, beta -0.05). These factors explain 14% of its daily moves over the last year, so most of what drives this fund is something else.
Stated objective. Janus Henderson Equity Linked High Income ETF seeks high current income. (from the fund's prospectus)
All 33 holdingsFlow historyOverlap toolAll Covered Call ETFs
- Jul 2026
- +$1.5M latest reported month
- Latest 3 months
- +$7.6M +41.8% of assets
- Latest 12 months
- —
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$1.5M |
| Jun 2026 | +$3.8M |
| May 2026 | +$2.3M |
| Apr 2026 | +$11M |
| Mar 2026 | $0 |
| Feb 2026 | $0 |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 6 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| JEPIJPMorgan Equity Premium Income ETF | — | 0.35% | $46.0B | +0.3% | compare |
| JEPQJ.P. Morgan Nasdaq Equity Premium Income ETF | — | 0.35% | $44.3B | +3.3% | compare |
| QQQINEOS Nasdaq 100 High Income ETF | — | 0.68% | $13.1B | −1.9% | compare |
| SPYINEOS S&P 500 High Income ETF | — | 0.68% | $10.4B | +1.4% | compare |
| QYLDGlobal X Funds Global X NASDAQ-100 Covered Call ETF | — | 0.60% | $8.4B | +6.5% | compare |
The largest other funds in the Covered Call category.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-30 | 2026-10-06 | $0.2588 | CD |
| 2026-08-31 | 2026-09-04 | $0.2262 | CD |
| 2026-07-31 | 2026-08-06 | $0.2090 | CD |
| 2026-06-30 | 2026-07-07 | $0.2498 | CD |
| 2026-05-29 | 2026-06-04 | $0.0679 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | US DOLLARS | 96.86% | Cash/Money Market | — |
| — | SEGREGATED CASH | 1.21% | Cash/Money Market | — |
| — | OTC JPM INTC ATC 37.50% 7/14/2027 50.00%, 0.00%, 07/14/27 | 0.38% | Derivative | — |
| — | OTC MS CL ATC 11.79% 7/12/2028 78.13%, 0.00%, 07/12/28 | 0.21% | Derivative | — |
| — | OTC JPM NOW ATC 22.18% 11/8/2028 50.00% | 0.20% | Derivative | — |
| — | OTC MS MU ATC 25.88% 8/11/2027 50.00%, 0.00%, 08/11/27 | 0.19% | Derivative | — |
| — | OTC MS MO ATC 12.67% 3/14/2029 71.42%, 0.00%, 03/14/29 | 0.17% | Derivative | — |
| — | OTC JPM WMT ATC 13.79% 6/14/2028 77.00% | 0.14% | Derivative | — |
| — | OTC JPM ABBV ATC 11.44% 6/9/2027 68.00% | 0.12% | Derivative | — |
| — | OTC JPM GILD ATC 11.91% 12/8/2027 64.00% | 0.12% | Derivative | — |
| — | OTC JPM LLY ATC 12.99% 1/12/2028 58.65%, 0.00%, 01/12/28 | 0.12% | Derivative | — |
| — | OTC BOA JNJ ATC 11.27% 5/9/2029 74.83% | 0.11% | Derivative | — |
| — | OTC BNP NOW ATC 22.18% 11/8/2028 50.00%, 0.00%, 11/08/28 | 0.10% | Derivative | — |
| — | OTC MS COP ATC 11.09% 11/10/2027 61.55% | 0.10% | Derivative | — |
| — | OTC GS COP ATC 11.09% 11/10/2027 61.55% | 0.09% | Derivative | — |
| — | OTC JPM CRM ATC 15.32% 5/10/2028 50.00% | 0.09% | Derivative | — |
| — | OTC BOA ABBV ATC 11.44% 6/9/2027 68.00% | 0.09% | Derivative | — |
| — | OTC HSBC XOM ATC 13.03% 9/13/2028 70.11%, 0.00%, 09/13/28 | 0.08% | Derivative | — |
| — | OTC GS META ATC 12.17% 9/8/2027 58.00%, 0.00%, 09/08/27 | 0.07% | Derivative | — |
| — | OTC BNP MU ATC 25.88% 8/11/2027 50.00%, 0.00%, 08/11/27 | 0.06% | Derivative | — |
| — | OTC JPM COP ATC 11.09% 11/10/2027 61.55% | 0.06% | Derivative | — |
| — | OTC HSBC UNH ATC 12.89% 2/14/2029 64.40%, 0.00%, 02/14/29 | 0.04% | Derivative | — |
| — | OTC HSBC GOOGL ATC 13.33% 8/9/2028 66.14%, 0.00%, 08/09/28 | 0.03% | Derivative | — |
| — | OTC HSBC CVX ATC 12.52% 4/12/2028 71.76%, 0.00%, 04/12/28 | 0.00% | Derivative | — |
| — | OTC MS SNDK ATC 30.46% 3/8/2028 50.00%, 0.00%, 03/08/28 | 0.00% | Derivative | — |
| — | OTC BNP SNDK ATC 30.46% 3/8/2028 50.00%, 0.00%, 03/08/28 | -0.01% | Derivative | — |
| — | OTC JPM DUK ATC 10.86% 4/11/2029 82.45% | -0.01% | Derivative | — |
| — | OTC JPM TMO ATC 12.58% 10/13/2027 67.20%, 0.00%, 10/13/27 | -0.02% | Derivative | — |
| — | OTC JPM NFLX ATC 14.68% 2/9/2028 63.84%, 0.00%, 02/09/28 | -0.03% | Derivative | — |
| — | OTC BOA DUK ATC 10.86% 4/11/2029 82.45% | -0.06% | Derivative | — |
| — | OTC BNP GEV ATC 17.10% 10/11/2028 50.00% | -0.14% | Derivative | — |
| — | OTC JPM AVGO ATC 12.41% 12/13/2028 50.00% | -0.19% | Derivative | — |
| — | OTC BOA T ATC 11.89% 1/10/2029 83.49% | -0.19% | Derivative | — |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 98.52% | $17.8M | 1 |
| Derivative (equity) | 0.38% | $69349 | 34 |
| Month | '26 | Avg |
|---|---|---|
| Jan | -- | -- |
| Feb | -- | -- |
| Mar | -- | -- |
| Apr | 0.28% | 0.28% |
| May | 1.09% | 1.09% |
| Jun | -0.59% | -0.59% |
| Jul | 1.32% | 1.32% |
| Aug | 1.24% | 1.24% |
| Sep | 0.43% | 0.43% |
| Oct | 1.02%* | 1.02% |
| Nov | -- | -- |
| Dec | -- | -- |
| Total | 4.87% | 4.87% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: JELH
Executive Summary
BULLISH (Confidence Level: 7/10)
Key drivers:
- Strong trend indicators, with ADX indicating a strong uptrend
- Bullish MACD and EMA crossovers
- Low volatility, with a low beta of 0.01
Primary risks:
- Potential for consolidation or correction if price reaches upper Bollinger Band
- Lack of recent news headlines may impact sentiment
Investment thesis: JELH is trending higher, driven by strong technical indicators and low volatility. However, the lack of recent news headlines may pose a risk to the stock's upward momentum.
Recent news sentiment impact: With no recent news available, it is difficult to assess the impact on sentiment. However, given the bullish technical signals, it is likely that any positive news would be well-received by investors.
Technical Analysis
Trend Direction: Bullish (Short-term), Bullish (Medium-term)
Support/Resistance Levels:
- Upper Bollinger Band: $25.72
- Middle Bollinger Band: $25.62
- Lower Bollinger Band: $25.53
Momentum Signals:
- RSI interpretation: Neutral (54.00)
- MACD signal: Bullish
- Bollinger Bands position: Neutral (squeeze)
Volume Analysis:
- Volume SMA 20: 10028.97
- On-Balance Volume (OBV): 236683.99
- Volume Rate of Change: -96.84%
News & Sentiment Analysis
Recent Headlines Summary: No recent news available
Sentiment Assessment: Neutral
Catalyst Identification: No upcoming earnings or catalysts identified
Market Narrative: The lack of recent news headlines may pose a risk to the stock's upward momentum.
Risk & Volatility Assessment
Beta Interpretation: Low risk (0.01)
Volatility Regime: Low volatility
Options Market Signals:
- IV rank: N/A
- Put/call ratios: N/A
- Unusual activity: N/A
Downside Protection: Support levels at $25.53 and $25.48.
Market Context & Positioning
Sector Performance: JELH is outperforming its sector
Institutional Activity: No recent institutional buying or selling identified
Correlation Analysis: JELH is negatively correlated with the market (R-squared interpretation)
Relative Valuation: JELH is positioned within a trading range.
Key Levels & Action Items
Critical Price Levels:
- Upper Bollinger Band: $25.72
- Middle Bollinger Band: $25.62
- Lower Bollinger Band: $25.53
Breakout/Breakdown Levels: No clear levels identified
Time-Sensitive Catalysts: No upcoming earnings or catalysts identified
Risk Management: Stop-loss at $25.48, position sizing considerations.
Overall, JELH presents a bullish technical setup, driven by strong trend indicators and low volatility. However, the lack of recent news headlines may pose a risk to the stock's upward momentum. As such, it is essential to monitor price action and volume trends to identify potential catalysts or risks.
JELH Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 126
Period: 252 trading days
Low volatility - stock moves less than market
JELH Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
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| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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