That should be correct. Make note that it's a hidden directory that won't be listed in a directory list, and you can't use tab to autocomplete for this direcotry. But you should be able to type it out and get the directory:
If that's not working, make sure you are using the appropriate user who owns one or more of your domains. (check in the Panel > Manage Domains) If all else fails you should contact support.
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