Yes, this is possible. For example, you have three "Purchase" link in your email content and you want to see which position makes the best conversion. To get this data, simply add "title" parameter to the URL.

Top Purchase Link:
<a href="http://yourdomain.com/purchase/" title="Top Purchase Link">Purchase</a>

Big Purchase Link:
<a href="http://yourdomain.com/purchase/" title="Big Purchase Link">Purchase</a>

Bottom Purchase Link:
<a href="http://yourdomain.com/purchase/" title="Bottom Purchase Link">Purchase</a>