VFL (Delaware Investments Natl Muniome) Shares Outstanding (Basic Average): 13.29 Mil (As of Mar. 2026)


VFL Delaware Investments Natl Muni Income VFL
32 GF Score
Price $10.33
! 4 Warning Signs
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What is Delaware Investments Natl Muniome Shares Outstanding (Basic Average)?

Delaware Investments Natl Muniome VFL +0.10% 32 Shares Outstanding (Basic Average) is 13.29 Mil as of Mar. 2026. GuruFocus rates VFL with a GF Score™ of 32/100. The stock has 4 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Delaware Investments Natl Muniome's average basic shares outstanding for the quarter that ended in Mar. 2026 was 13.29 Mil.

Delaware Investments Natl Muniome  (AMEX:VFL) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

Delaware Investments Natl Muniome Shares Outstanding (Basic Average) Related Terms

Delaware Investments Natl Muniome Shares Outstanding (Basic Average) Historical Data

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The historical data trend for Delaware Investments Natl Muniome's Shares Outstanding (Basic Average) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Delaware Investments Natl Muniome Shares Outstanding (Basic Average) Chart

Delaware Investments Natl Muniome Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Sep24 Sep25
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.51 22.68 12.28 12.22 12.21

Delaware Investments Natl Muniome Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Shares Outstanding (Basic Average) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.26 12.19 12.12 12.30 13.29
VFL
32GF Score
Delaware Investments Natl Muni Income VFL
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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Delaware Investments Natl Muniome Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 13.29 Mil mean?
Delaware Investments Natl Muniome (VFL) has a Shares Outstanding (Basic Average) of 13.29 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Delaware Investments Natl Muniome and its competitors.
Is Delaware Investments Natl Muniome's Shares Outstanding (Basic Average) too high?
Delaware Investments Natl Muniome's current Shares Outstanding (Basic Average) is 13.29 Mil. Overall, Delaware Investments Natl Muniome has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Delaware Investments Natl Muniome's Shares Outstanding (Basic Average) compare to DMO and OXSQ?
Delaware Investments Natl Muniome's Shares Outstanding (Basic Average) of 13.29 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for an Asset Management company?
A good Shares Outstanding (Basic Average) depends on the Asset Management industry context. However, Shares Outstanding (Basic Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Delaware Investments Natl Muniome and its competitors. Delaware Investments Natl Muniome's current Shares Outstanding (Basic Average) is 13.29 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delaware Investments Natl Muniome stock overvalued right now?
Delaware Investments Natl Muniome (VFL) has a current Shares Outstanding (Basic Average) of 13.29 Mil. The current Shares Outstanding (Basic Average) is 13.29 Mil. Delaware Investments Natl Muniome's overall GF Score™ is 32/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Delaware Investments Natl Muniome (VFL), the current Shares Outstanding (Basic Average) is 13.29 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Delaware Investments Natl Muniome Business Description

Address 1900 Market Street, Suite 200, Philadelphia, PA, USA, 19103
Delaware Investments Natl Muni Income is a closed-end investment fund. The Fund's investment objective is to seek to provide current income exempt from regular federal income tax, consistent with the preservation of capital. The company's product portfolio includes Mutual funds, Exchange-traded funds, Private markets, and Closed-end funds.
32GF Score

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Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.33
Price