How to edit position of SelectedObject?

I'm using SelectionImageObject so I can use a custom image (frame) for the my SelectedObject.

It works, but not really. When i use the joystick it moves up and down, but its placed at an odd position on the screen (no where near the buttons)

Is there a way to edit the position of said SelectedObject? I have it positioned where I want it to be positioned at the start, but when I enter the game it just moves.