Why can't I create a Version Folder at the top level?
This can be accomplished by dragging the folder you wish to create on top of a folder at the top level of the folder hierarchy. A small icon will appear indicating you will move the folder to the sibling level of the folder you are hovering over in the folder hierarchy.
There are three icons that appear to the right of your cursor when moving a version folder:
: This icon indicates you are dragging the folder to a location where it cannot be moved
: This icon indicates you are adding the folder in to an existing folder
: This icon indicates you are moving a folder above or below an existing folder
Please see the screencast below to view the process.