Ferrule on driver is loose, what should i do

hey i have a diablo edge tour driver, that is only about a week old. ive hit about 200 balls of the range with it, and played 3 rounds with it. its still in perfect condition for the most part, but the ferrule is loose, it looks like its scooted up on the shaft . i grabbed the club head and tried to twist it, and im pretty sure that it is still on there good, which makes me think its just the ferrule thats loose. ive tried running it under hot water, but it still wont budge. i also tried heating it up with a blow dryer, still wont budge. is this purely cosmetic? or will my clubhead go flying down the course one day? ive attached a picture of it

I have the same driver with the same issue and I've wondered the same thing. It still feels nice and tight and hits the same as when I got it. I don't know how old mine is or how that piece looked when I bought it. The head and shaft looked like it was about brand new when I bought it used from Play it Again Sports.

Ferrules can come loose if they aren't glued properly but you want to make sure that it's the ferrule that's actually loose and not the club head.  You should be able to push the ferrule back into place (might require heat) and use epoxy to secure it.

i about 50 balls with it tonight and it hits fine, which makes me thing it is the ferrule that is loose. the clubhead wont twist, it is still securely on there. and i tried heat but it still wont budge

I'm in the same boat with my driver. I took it to Golfgalaxy and they used some kind of metal block (ferrule hammer?) to push it down. It stayed there for a while, but it's loose again. I'm thinking about pulling the shaft out and replace the ferrule this time. Does anybody know what Golfgalaxy charge for this service? It seems like the ferrule alone cost ~$10.

If the ferrule doesn't move I'd have the head checked.  It could be if you left the clubs in your cars trunk in the heat the epoxy melted enough for something to slip, either the ferrule or head when you used them.  On the clubs I have had with loose ferrules I was able to heat the ferrule and put it back in place by hand or using a pair of pliers with cloth wrapped around the ferrule to not damage it.

If it won't budge by hand (which you indicate is the case), you can knock it back down by improvising your own tool.   Use an adjustable Crescent wrench and place it on the shaft just above the ferrule, and tighten it down so it is not quite tight to the shaft.   It should slide it up and down the shaft with ease, but the jaws will be tight enough to push against the top of the ferrule.     You can then use it to push the ferrule down, or if the ferrule is still too stubborn use some light taps on a hammer on the side of the wrench to knock the ferrule back down in place.     Before doing this you can put a little dab of epoxy in the gap between the hosel and ferrule to keep it in place.