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Currently, it just stays at the bottom of the content; if there isn’t much of it, it’ll be in the middle of the screen.
there are a lot of other weird questions like how do I change the site logo? they removed the option to do that with the new Editor so now what… there is a bit of weird oversights in the new update!
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Your question about the footer is theme specific. Honestly, I don’t think forcing the footer to the bottom of the browser is great design, but if that’s what you want you’ll have to modify the css of your theme to make the footer do that. Google something like “css make footer always at bottom of page”. Careful though because you probably don’t want a “sticky footer”, which would cause the footer to always be displayed at the bottom of the browser window, even if the content of the page exceeds the height of the window.