no, the IT band is connective tissue. Foam rolling your IT bands would help greatly also stretching or foam rolling the TFL (Tensor Fascia Latae) and glutes would help too. a word of warning: foam rolling the IT bands hurts like all hell! but the payoff is good. I had a client that had runner's knee pretty bad, and we foam rolled for a couple weeks consistently, once or 2x a week. it was gone shortly thereafter. consistent foam rolling, being aggressive at the start, would probably bring you back to normal pretty quickly.