The Cut Command

Prepare to move a shortcut

(use your Back button to go back to the preceding screen)
The easy way to move shortcuts is drag and drop, but if you want to move it further (say, from one sub-folder to another sub-folder) it's easier to use cut and paste. When Cut is pressed, Run and Delete both pop up. Now, tapping on a shortcut marks it for a cut and paste operation. The shortcut is grayed to show that it is Cut.