EFA Dark Pool Activity
iShares MSCI EAFE ETF
Data as of Oct 26, 2026 · Source: FINRA daily short sale volume (off-exchange)
On Oct 26, 2026, FINRA reported 3.1M EFA shares in publicly disseminated off-exchange trades (dark pools and other off-exchange venues). 1.6M of those shares (50.5%) were marked short or short-exempt, below EFA's 30-day rolling average of 56.7% (z-score -0.43). Over the last 10 FINRA sessions (Oct 13, 2026 – Oct 26, 2026), EFA's off-exchange short volume ratio ranged from 20.2% to 64.9% and averaged 50.4%; the latest reading is above that 10-session average.
Off-Exchange Volume
3.1M
Short Volume
1.6M
Short Volume Ratio
50.5%
30-Day Average
56.7%
z-score -0.43
Daily readings — last 10 FINRA sessions
| Date | Off-exchange shares | Short shares | Short ratio |
|---|---|---|---|
| Oct 13, 2026 | 5.8M | 1.2M | 20.2% |
| Oct 14, 2026 | 3.4M | 1.4M | 41.5% |
| Oct 15, 2026 | 3.4M | 2.2M | 64.9% |
| Oct 16, 2026 | 4.4M | 2.4M | 53.5% |
| Oct 19, 2026 | 3.3M | 1.8M | 55.4% |
| Oct 20, 2026 | 6.0M | 2.9M | 48.8% |
| Oct 21, 2026 | 2.9M | 1.7M | 59.0% |
| Oct 22, 2026 | 3.5M | 1.9M | 54.9% |
| Oct 23, 2026 | 3.0M | 1.7M | 55.4% |
| Oct 26, 2026 Latest | 3.1M | 1.6M | 50.5% |
Source: FINRA daily short sale volume (off-exchange). Ratio = ShortVolume ÷ TotalVolume for the day.
EFA dark pool FAQ
- How much EFA off-exchange volume did FINRA report on Oct 26, 2026?
- FINRA's daily short sale volume file reported 3.1M EFA shares in publicly disseminated off-exchange trades on Oct 26, 2026; 1.6M of those shares (50.5%) were marked short or short-exempt.
- Is EFA's dark pool short volume ratio unusual right now?
- As of Oct 26, 2026, EFA's short volume ratio of 50.5% is below EFA's 30-day rolling average of 56.7% (z-score -0.43). Meridian's dark pool model does not flag this reading as an anomaly.
- What does the dark pool short volume ratio measure?
- FINRA publishes daily short sale volume for trades reported off-exchange to its trade reporting facilities, which include dark pools and other off-exchange venues. The ratio divides FINRA's ShortVolume figure, which counts both short and short-exempt sales, by the total off-exchange shares reported for that day. It is not short interest and not a directional signal: market-maker hedging and reporting mechanics can raise it, so it is context for other signals.