When creating a version action you can specify
the location of the version action.
Click Select Location to save the
item under a different location than the default location. Note: - The default location for a new item is based on the current library
and view where you clicked the New button.
- This field is no longer displayed once the new item is saved for
the first time.
- Once saved, you need to use the "move" function to change the
location of an item.