Are you wanting to wrap it just below the point the female seats to? And is the purpose to reinforce the blanks around the lower end of the inserted stent? I don't see any harm in that; it is, essentially, the same that is done around a spigot. Just be sure to leave enough of the male exposed for the female to seat.
That said, I would call that rod an experiment, and I doubt it will fix the problem for long. Something else in rod handling or assembly of the ferrule is causing the repeated breakage. Identify that problem and make a change or it will be repeated, if not with that rod, another. If you wind up replacing that rod--as Carl said--graphite blanks are a dime a dozen--you don't want to repeat the problem.
Remember that ferrules of this type are not to be push fit with continuous pressure as in cylindrical metal ferrules. They are elongated conical mating surfaces that maintain the connection between sections by mild friction over a large area. Lightly slide the one over the over. Push snug. No forcing.
If you batter your tackle around or cast herky jerky or with a twist or cant, check for snugness as a habit, let's say each time you reel up completely, light a cigar, or whatever fishing habit comes at 20 minute intervals.
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