The right edge of the guard should at least cover the top left side of the op rod to a point where you cannot see the inner edge of the op rod when viewed from the top. In your case there is a gap where one should not exist. It is probably still functional, but it is cattywhampous and doesn't look right. This cannot be adjusted to shift the guard to the right because of the need to fit the front end of the guard into the curve of the lower band. I'd contact Boyds for a replacement.
Apart from this, there are a couple of other things to watch for when fitting the handguard. The end that butts up against the face of the receiver should be dressed off as necessary to establish some clearance-about the thickness of a business card is good. Also, when the guard is in place there should be some clearance between the bottom of the lower left edge of the guard and the top of the stock. Sand down the guard to achieve this. Do not sand the top edge of the stock. Some of the commercial guards have an excess of wood on the inner surface which binds against the barrel when the guard is installed. The inner top surface of the guard may need to be sanded down somewhat.