Line Comment not adhering to cursor position or indentation

When using the line commenting hotkey Ctrl+/ I want it to place the // at the cursor. Instead, it always places it in column 0 of the given line. I've ticked and unticked the setting comment at first column under the Wrapping and Braces tab in Settings > Editor > Code Style > Java, but there is no change in behavior either way. How can I force it to stop placing the // at the first column of the line?