' Moves the insertion mark as the item is dragged.
Private Sub myListView_DragOver(sender As Object, e As DragEventArgs)
    ' Retrieve the client coordinates of the mouse pointer.
    Dim targetPoint As Point = myListView.PointToClient(New Point(e.X, e.Y))
    
    ' Retrieve the index of the item closest to the mouse pointer.
    Dim targetIndex As Integer = _
        myListView.InsertionMark.NearestIndex(targetPoint)
    
    ' Confirm that the mouse pointer is not over the dragged item.
    If targetIndex > -1 Then
        ' Determine whether the mouse pointer is to the left or
        ' the right of the midpoint of the closest item and set
        ' the InsertionMark.AppearsAfterItem property accordingly.
        Dim itemBounds As Rectangle = myListView.GetItemRect(targetIndex)
        If targetPoint.X > itemBounds.Left + (itemBounds.Width / 2) Then
            myListView.InsertionMark.AppearsAfterItem = True
        Else
            myListView.InsertionMark.AppearsAfterItem = False
        End If
    End If
    
    ' Set the location of the insertion mark. If the mouse is
    ' over the dragged item, the targetIndex value is -1 and
    ' the insertion mark disappears.
    myListView.InsertionMark.Index = targetIndex
End Sub