It appears that MacroDroid now (I've v3.10.1) doesn't go with the approach of installing helper file inside
/system as default option. Instead, it now uses it as a backup approach and only when you're having an issue with GPS/NFC. If you've that file inside
/system then either it was installed when you were using a version older than v3.10.1 or you deliberately chose to fall back to older technique via its settings.
The latest version of that helper file is 1.2 and following are the permissions mentioned in its manifest:
In order to connect to network, it must ask the permission android.permission.INTERNET - not present in the manifest. So you can be rest assured that the app, on its own, won't be able to send any data.
That said, given the nature of the title, you don't need to monitor activities of an app (no benefits) if your goal is to find out what data it is accessing or is sending. You can use XPrivacy in this case. It requires Xposed Framework. XPrivacy can notify you when the app tries to access a privacy sensitive permission. That would give a rough estimation of the extent of data app may be accessing. You can use a firewall to restrict app's access to internet and get notified whenever the app tries to access network.
Still, in order to see the data the app is sending, you would have to capture it or sniff it at least. Answers for Capturing mobile phone traffic on wireshark
and Monitor network activity in Android Phones may prove to be helpful. (I've not tried any of the solutions there.)