Yes, you can freely select the root folder. Proceed as follows:
Select website document root folder
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Log in to the Customer Center at https://my.helloly.com.
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Within the dashboard you will find your active products. Beside your web hosting package click on Log in to cPanel.
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Scroll down until Domains and click on Domains.
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In the line of the corresponding domain, click on Manage.
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Under New Document Root you can now freely specify a directory. If you leave the field after /public_html/ blank, the addon domain shares the website document root folder with the main domain.
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Confirm with Update.