In the current version as of a few days ago, when in inventory and highlighting an item and clicking in right joystick to Open/Close container, nothing happens. I did get the container to Close at one point but then couldn't get it to reopen.

This could be due to the change of controls where now you double-click to switch character view (1st/3rd person view).
Set it as Normal priority but is a really useful feature in organizing and also closing containers helps prevent delay when opening inventory.

Xbox One S