The relevant file to edit is, I think, Data\Interface\exported\hudmenu.gfx.
I know that to open and edit .gfx files you can follow this: http://skyrim.nexusmods.com/mods/1800
I tried to do it myself first but it was harder than I thought, and now I have less time as well. So I'd really appreacite if anyone could help me with it.
The reason I'm doing this is because I play without compass, and when I shout I still look at that shout bar which is ugly alone. I want to move it down behind the health bar, so that the health bar shined around just like the compass when I am shouting.