I've had the problem. I'm sure we have all had it at one time or another. A ferrule loses (or never had) its bond to the shaft, and starts sliding up and away from the hosel. The gap is ugly and tends to snag things. (It does not affect performance nor durability.)

The usual prescription is: cut off the ferrule, pull the shaft, and reassemble everything.

I have also seen a proposed fix: cut off the ferrule, carefully split another ferrule, force the new one on at the split, and add black epoxy so it stays in place and [you hope] nobody notices.

I just found a much easier way to fix one of these that threatened to be as nasty as the problem usually is:
I forced epoxy into the gap between the ferrule and hosel.
I wrapped the upper [narrow] end of the ferrule with electrician's tape (the black plastic stuff), overlapping the tape onto the shaft above the ferrule. I put the whole thing in my shaft puller, and pulled the ferrule up tight against the hosel.
I wiped off the bead of excess epoxy with a piece of paper towel.

Took about as much time as it took to type this up -- if that.

Given how stubborn ferrules are about sliding back where they belong, it is amazing how easily a good shaft puller can slide it back up. Don't use too much pressure, or you could damage something. It takes remarkably little pressure compared with what a good puller can exert. I'd think twice about doing this with a hydraulic puller; too much pressure and too little control of movement. A small-pitch screw device worked very easily for me.

Enjoy!
DaveT

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