If you have any text in the same paragraph as the equation box but outside that box, Word will convert the equation from "Display" format to "Inline" format. The repositioning of the limits on sums, products (large capital pi), and integrals is part of that conversion. You can see the same effect by clicking the down arrow on the right end of the equation box and clicking "Change to Inline" or "Change to Display".
A typical case is the insertion of a right-aligned equation number after what should be a display equation. If you try to tab to the right margin and insert the number, the equation becomes "Inline" and moves to the left margin. To avoid that, put the equation number inside the box and precede it with the # character. Then click the down arrow and click "Professional".