Yes
I was given this by the PTs when I injured my ITB running:
Stand sideways to a wall far enough out to let you get some stretch. Placing your hand on the wall for balance, cross your inside foot over your outside foot at the ankle and cock your outside hip. You should feel the stretch from just above the knee all the way to your hip. The more exaggerated you cock your hip, the more you stretch. Hold for 30 seconds, switch sides.
I've been doing this stretch for close to 20 yrs now and have had no further ITB issues.
Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways, champagne in one hand, strawberries in the other, body thoroughly used up, totally worn out and screaming: "Yeah Baby! What a Ride!"