OP
Hawkmoon
These modern volt sticks don't work like the old ones sensing a magnetic field which pulls in a leaf contact they use a control circuit board to filter false signals etc they use capacitive coupling this allows it to use the voltage waveform of the Live wire to switch components in the dc circuit they are only looking for voltage level and its cyclic waveform not current flow this cyclic component of the voltage is only present in the live conductor at the voltages the pen is sensitive to.
Capacitive coupling could be done in a few ways as ive mentioned it can use the dc battery circuit or the capacitive effect of everything around the pen that is not within its voltage pick-up range.
This is slightly out of my field of knowledge but im just theorising and putting the pieces together with what i do know .... but eether-either-or the best place to put these testers is the bin!
Guessing you're right - just have to 'mull over it' until penny drops