Xponential Fitness Inc (NYSE:XPOF) shares are rising in extended trading Wednesday after the company disclosed that the Securities and Exchange Commission (SEC) concluded an investigation without taking action.

What Happened: After market close on Wednesday, fitness franchisor Xponential Fitness said in a filing that the SEC completed its investigation of the company, which began in late 2023, without action.

In December 2023, the SEC requested that Xponential Fitness provide certain documents. The company said it fully cooperated with the regulator’s investigation over the past 18 months and was informed on Tuesday that no action would be taken.

Xponential Fitness shares were up 22.12% in after-hours, trading at $9.11 at the time of publication on Wednesday, according to Benzinga Pro.

How To Buy XPOF Stock

Besides going to a brokerage platform to purchase a share — or fractional share — of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, Xponential Fitness is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

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