It can be if you created new directory at the disk BEFORE create/commit it in the SVN. All that you need is just create it in SVN and do move after:
$ svn mv etc/nagios/hosts/us0101/cs/us0101ccs001.cfg etc/nagios/hosts/us0101/ccs/
svn: E155010: Path '/home/dyr/svn/nagioscore/etc/nagios/hosts/us0101/ccs' is not a directory
$ svn status
? etc/nagios/hosts/us0101/ccs
$ rm -rvf etc/nagios/hosts/us0101/ccs
removed directory 'etc/nagios/hosts/us0101/ccs'
$ svn mkdir etc/nagios/hosts/us0101/ccs
A etc/nagios/hosts/us0101/ccs
$ svn move etc/nagios/hosts/us0101/cs/us0101ccs001.cfg etc/nagios/hosts/us0101/ccs/us0101accs001.cfg
A etc/nagios/hosts/us0101/ccs/us0101accs001.cfg
D etc/nagios/hosts/us0101/cs/us0101ccs001.cfg
$ svn status
A etc/nagios/hosts/us0101/ccs
A + etc/nagios/hosts/us0101/ccs/us0101accs001.cfg
> moved from etc/nagios/hosts/us0101/cs/us0101ccs001.cfg
D etc/nagios/hosts/us0101/cs/us0101ccs001.cfg
> moved to etc/nagios/hosts/us0101/ccs/us0101accs001.cfg