Definition (full): to chop into, pierce, sever, to curtail, to distribute, to shoot an arrow
Strong's Exhaustive Concordance
A primitive root (compare chatsah); properly, to chop into, pierce or sever; hence, to curtail, to distribute (into ranks); as denom. From chets, to shoot an arrow -- archer, X bands, cut off in the midst.
KJV: They that are delivered from the noise of archers in the places of drawing water, there shall they rehearse the righteous acts of the LORD, even the righteous acts toward the inhabitants of his villages in Israel: then shall the people of the LORD go down to the gates.
NASB: "At the sound of those who divide flocks among the watering places, There they shall recount the righteous deeds of the LORD, The righteous deeds for His peasantry in Israel. Then the people of the LORD went down to the gates.