Lots of shotguns do this.
I have one of the new lever shotguns that are floating around, and it does it as well. However, the the hammer drop pushes it that last 1/8th inch into battery and locks the bolt.
Here's a neat trick to demonstrate what I'm trying to explain:
#1 MAKE SURE THE GUN IS EMPTY AND NO SHELL IS IN THE CHAMBER
#2 See #1
#3 Repeat 1-2
(Ok, I'll let off on that now, but really, make sure the gun is clear)
#4 Slide the action forward until just before it is in battery, about that 1/8th inch the OP referred to.
#5 Use your index finger to apply pressure to the bolt through the ejection port, and slide it back. With a lot of pumps and semis, this is possible, and the bolt will slide back (not in battery and locked).
#6 Slide the action forward until just before it is in battery, as above, and depress the trigger. Watch the bolt carefully. It will travel that last 1/8 inch fully into battery.
#7 Re-attempt the finger push technique above. You will find that the bolt will no longer be readily pushed back - it was in fact locked by the striking of the hammer.
Some guns actually mess this up. The first batch of Adler lever shotguns (that went to Australia), it was possible to make them fire out of battery. Some the problem was quickly reported, and the guns were recalled. But a minor adjustment to the action solved the problem and produced the same results as described above.