No, there is not (at least not up through GP2013!). My company relies on information from that same table for reports, so we added a Trigger to the IV00300 table to immediately copy the Deleted record into a custom Historical table.
Below is the SQL code to do so (keep in mind that if you should upgrade GP or rebuild GP's core tables, you will have to add this trigger again):
ALTER TRIGGER [dbo].[ArchiveDeletedIV00300Record]
ON [dbo].[IV00300]
AFTER DELETE
AS
BEGIN
-- SET NOCOUNT ON added to prevent extra result sets from
-- interfering with SELECT statements.
SET NOCOUNT ON;
INSERT INTO [RFALP].[dbo].[tblIV00300History]
([ITEMNMBR],[LOCNCODE],[DATERECD],[DTSEQNUM],[LOTNUMBR],[QTYRECVD],[QTYSOLD],[ATYALLOC],[UNITCOST],
[RCTSEQNM],[VNDRNMBR],[LTNUMSLD],[QTYTYPE],[BIN],[MFGDATE],[EXPNDATE], HISTORYDATE)
SELECT [ITEMNMBR],[LOCNCODE],[DATERECD],[DTSEQNUM],[LOTNUMBR],[QTYRECVD],[QTYSOLD],[ATYALLOC],[UNITCOST],
[RCTSEQNM],[VNDRNMBR],[LTNUMSLD],[QTYTYPE],[BIN],[MFGDATE],[EXPNDATE], getdate() from deleted
END