When first holding an item, the tooltip overlaps with the armor bar. This is not the case in the Bedrock edition, as it simply hovers over the bars. One thing to note is that I'm using the Raised mod, which could be a factor in the bug, but it's better to report it than ignore it.

Edit: It appears that the Raised mod is not the issue here, as I discovered that this mod has its own similar type of feature, so I ended up using it to determine whether or not it was a mod conflict. As you can see, the problem is with Bedrockify.

Picture of Bedrock Edition for reference: